Worldwide, billions of dollars are spent to protect technologies and products through patents. What at first glance, appears to be a vital and profitable investment for companies can, over time, turn into a cost trap. Why?

1. Companies tend to protect too much rather than too little.
2. The maintenance of patent protection is hardly ever questioned.

Companies have to pay annual fees for the typical patent term of 20 years. A lack of transparency about these costs can lead to intellectual property rights being maintained over long periods of time and payments being made that do not necessarily add value to the company. Answering questions such as these can reveal enormous potential savings:

• Is it necessary to maintain protection in countries where products are not/ no longer being commercialized?
• Is it worthwhile paying for the protection of technologies where no competitor is active anymore?
• If protection was withdrawn, how much money could be saved per year or over the entire remaining term of a patent portfolio?

Make better decisions about cost savings in the IP department based on new information that was not available to you before.

Join Gene Quinn, President & CEO of IPWatchdog, Inc. founder and a global Top 50 Most Influential People in IP, along with William Mansfield is the Head of Consulting and Customer Success at LexisNexis^® PatentSight, for a free webinar discussion.

This webinar is part of the IPWatchdog Weekly Webinar Series.

This Webinar is Sponsored By LexisNexis IP