Patrick C. Woolley Image

Patrick C. Woolley

is the Chair of Polsinelli’s Intellectual Property Department and works on behalf of his clients in a variety of areas, including patents, trademarks, copyright, licensing, litigation, trade secret litigation and business advice and guidance. He has helped to grow Polsinelli’s IP Practice from its inception to one of the largest in the nation, with a deep bench of attorneys, patent agents, and scientists.

Recent Articles by Patrick C. Woolley

Tips for Maximizing and Unlocking Additional Revenue Streams During an Economic Downturn

During periods of economic instability, intellectual property (IP) can be a surprisingly attractive investment vehicle. Product innovation through patent investment can facilitate additional revenue generation through immediate lower-yield returns, as well as longer-term, higher-yield returns. When viewing IP as a true asset, the question for businesses is how to assess and maximize these advantages, particularly in challenging economic times. In-house legal departments are well-positioned to bring value to the business, particularly during an economic downturn, to create new and innovative opportunities and sources of revenue.