Criteria for Strategic Abandonment Strategic
Posted: Wed Dec 18, 2024 3:38 am
abandonment involves making informed decisions about which patents will expire, ensuring that the remaining portfolio is strong and aligned with business objectives. The main criteria and assessment methods used in this process are: 4.1. Factors to Consider Patent Maintenance Costs: Consider the ongoing expenses associated with maintaining each patent. High maintenance costs for low-value patents can strain resources.
Market Relevance: Assess whether the technology or product covered by the patent is still relevant in the current market. Patents covering obsolete technologies may no longer provide strategic value. Technological Obsolescence: Determining contact number database whether the patented technology has been superseded by newer innovations, making it less valuable or unnecessary.
4.2. Assessment Methods Financial Analysis: Conduct a cost-benefit analysis to compare the costs of maintaining a patent against its potential revenue and strategic value. Patent Citation Analysis: Examining how often a patent is cited by other patents, which can indicate its importance and influence in the field. Market Trends: Analyze industry trends to determine the future feasibility and relevance of patented technology.
Market Relevance: Assess whether the technology or product covered by the patent is still relevant in the current market. Patents covering obsolete technologies may no longer provide strategic value. Technological Obsolescence: Determining contact number database whether the patented technology has been superseded by newer innovations, making it less valuable or unnecessary.
4.2. Assessment Methods Financial Analysis: Conduct a cost-benefit analysis to compare the costs of maintaining a patent against its potential revenue and strategic value. Patent Citation Analysis: Examining how often a patent is cited by other patents, which can indicate its importance and influence in the field. Market Trends: Analyze industry trends to determine the future feasibility and relevance of patented technology.