Intellectual Property
Aug. 18, 2016
Nonroutine handling of patent income
A new approach for patents to defend global royalty streams and operate as profit centers, at the same time. By Piers A. Blewett
In-house IP legal departments are under increasing pressure to become financially self-supporting, in other words, operate as profit centers, not cost sinks. One way to achieve this goal is to look at maximizing IP revenue. But cost pressures have put the squeeze on patent filings, making it hard to maintain a full-strength global patent portfolio. With dwindling patent portfolios and reduced budgets, IP lawyers therefore strug...
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