Posts Tagged: "patent searches"

Navigating the ever-changing global IP landscape requires an expert guide

Would you climb Everest without an expert guide? You shouldn’t navigate the global IP landscape without one either. The global intellectual property terrain is becoming increasingly complex. Across the world, the quantity of patent applications has almost doubled since 2000 (source: WIPO), and the largest single contributor, China, reported over 300,000 patents granted in the chemistry sector in 2015 alone, a 30% increase from the year before (source: STN®, database: CAplus?, accessed 2/15/2016). Consequently, having a patent search professional who can work with your team is more important than ever. Being able to efficiently and expertly research the IP considerations that impact key business decisions can you save time and money, while also providing you with invaluable topical and global insight.

Patent searches are always a good idea, even if your invention is not on the market

While surveying the market is a wise first step, frequently there are patents lurking that have simply not been used to develop commercial products. This can be for a variety of reasons, and makes patent searches critically important. One common reason a patent may exist but the product may not be on the market is because the previous inventor was simply unsuccessful in taking the patent to the market. This can happen for a variety of reasons. Maybe the product was ahead of its time, maybe the inventor ran out of funds and the project became abandoned, perhaps the inventor did not have the right connections or stamina necessary to see the project to conclusion. Whatever the case may be, there can be a variety of reasons why a patent has been applied for or issued on an invention that never made it to the market.

After Searching: Patent Filing Options and PCT ISAs

According to WIPO data, USPTO, EPO and KIPO are major ISAs for U.S. applicants; about 94% of intentional searches have been done by these three patent offices. U.S. applicants may consider the quality of search reports and cost of search fees as the most important factors in selecting an ISA. Search fees vary by ISA, for example, EPO’s rate is relatively high $2,125, USPTO’s rate is $2,080, and KIPO is well known to provide high quality earches with a relevantly competitive cost at $1,219.

Searching the Art Behind Innovation

For many innovations, in addition to doing a traditional patent search it will be of the utmost importance to search European and east Asian literature, particularly literature from Japan or Korea. The patents issued or published by the USPTO, EPO, KIPO, JPO and SIPO cover more than 90% of the world’s patent documents. But when a particularly lucrative innovation is at stake going beyond the patents can be a worthwhile investment.

The importance of a quality patent search for strategic monetization of innovation

Properly used, a qualified search can be one of the most cost-effective and valuable tools a company can have to not only capture and create innovation, but also to avoid being sued for infringement. This dual purpose for a search is important to understand. A novelty search is intended to determine whether a patent can likely be obtained, but sometimes it will be quite useful to undertake a more comprehensive analysis of the search results to determine whether moving forward might result in a charge of patent infringement. In order to maximize the value of a company’s portfolio it is critical for business managers to understand the of importance of a search— including what kinds of searches are available, why to consider search before filing patent application, when to get searches, who should conduct and review search, and how to strategically use search result.