How our Portfolio Management Service can work for you
Proper management of an intellectual property portfolio is time-consuming but ignoring this need is potentially risky. Failure to pay renewal fees or to take early action to stop abuse of your Intellectual Property rights by third parties can result in dilution or loss of your valuable rights. An IP management strategy is vitally important.
Additionally, the capture of new Intellectual Property created in your business allows you to have a rolling window of rights to sustain your monopoly position in the market.
At Cleveland Scott York, our attorneys have advised many hundreds of clients on appropriate IP management strategies and can help you set up your own internal management systems. Alternatively, Cleveland Scott York can manage your intellectual property for you. We have systems in place to provide budgeted lists of rights, renewal costs and prosecution costs. We can help analyse which rights are producing the best return for your business so that, if necessary, you can redistribute prune costs and refocus your IP budget on more valuable product lines. This should be an ongoing process to maintain an efficient IP strategy.
Often a short consultation with Cleveland Scott York’s professionals can produce valuable results which far outweigh the cost of the consultation. Many of our people have worked in industry in the IP field or elsewhere before entering private practice as patent or trade mark attorneys. Cleveland Scott York’s professionals are thus unusually well placed to understand the constraints of your business, your budgetary constraints and your performance metrics.
Come and talk to us and we can very quickly lay out a tailored IP strategy for your business.