World IP Day – Time to review your IP portfolio

Tax Day comes every April and most of us take the time to review our personal finances.   World IP Day also happens every April as well, and most companies miss the opportunity to review their valuable assets.  So this year, make a commitment to examine these 6 important areas.  If you need some assistance give me a call!

  • Review your IP Strategy

Is it aligned with your business strategy?

Is it in concert with the current changes patent law?

  • Take stock of your patent portfolio

Ensure you have the proper balance between expenditures and scope of protection.

  • Harvest new invention disclosures

Not only will it lay down protection for future products, it will excite the scientific and engineering staff.

  • Review your trademark registrations

Are all of your marks in use?

  • Review confidentiality agreements and trade secret protections

Do you even have a trade secret protection plan?

  • Examine your royalty payments on in-licensed IP

You might be surprised to find that you are still paying on expired patents!

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