When you’ve invested time, resources, and effort into creating a new invention or innovation, securing patent protection is only the beginning. In today’s fast-paced, competitive market, it’s equally important to monitor what others are doing to ensure that others are not impeding on your patent rights. In this past, such monitoring was primarily manually done, meaning patent owners viewed new technology developed by their competitors. Today, thanks to advances in technology, monitoring is possible independent of the patent owner doing the monitoring. Beusse Sanks possesses the tools to provide patent monitoring services for you as we provide robust patent monitoring solutions to help businesses safeguard their intellectual property and identify potential infringements.
What Is Patent Monitoring?
Patent monitoring is the process of regularly checking, on-line, product publications to identify any potential infringement that may conflict with your patent. Patent monitoring also helps you stay informed about the marketplace and the actions of competitors. Patent monitoring can also be used to identify potential candidates to approach to license your patent.
Why Patent Monitoring Is Crucial for Your Business
Even after your patent is granted, there’s still work to be done. Regularly monitoring your patent portfolio can provide a number of crucial benefits for your business:
- Identifying Infringements Early: One of the primary reasons to invest in patent monitoring services is to detect any potential infringements. Early identification of infringement allows you to take swift action, whether through cease-and-desist letters, licensing, or other legal proceedings. This proactive approach may prevent costly litigation down the road.
- Tracking Market Trends: By keeping an eye on new marketed products, you can track emerging market trends, technological innovations, and new developments in your industry, especially as such trends related to your patent. This allows you to make informed business decisions and adjust your strategies accordingly.
- Maximize Patent Return on Investment: Potentially identifying possible licensing opportunities that may not have been recognized before. Collaboration opportunities may also be identified.
- To Pay a Maintenance Fee or Not: If not utilizing your patents and deciding whether to pay the next maintenance fee, you may discover potential partners, licensees, or buyers for your intellectual property.
How Beusse Sanks’ Patent Monitoring Services Can Help
At Beusse Sanks, we provide comprehensive patent monitoring services designed to give you peace of mind and protection for your intellectual property. Here’s how our services can benefit your business:
- Custom Monitoring Solutions: Our team will create a patent monitoring plan focused on your independent patent claims.
- Proactive Infringement Detection: We periodically monitor for potential infringements and alert you immediately if any issues arise. Our proactive approach ensures that there are no unauthorized users of your intellectual property.
- Competitive Intelligence: Our monitoring services provide you with valuable competitive intelligence by identifying those who are encroaching or starting to encroach on your patents..
- Expert Legal Support: If an infringement is detected, our team of patent attorneys is ready to assist with enforcement actions, including cease-and-desist letters, demand letters, licensing negotiations, and, if required, litigation.
- Cost-Effective Protection: Patent monitoring is a cost-effective way to ensure the ongoing protection of your patents. By identifying potential issues early, you can address them before they escalate into expensive legal battles. Patent monitoring can also identify potential licensing opportunities with entities, including those that you may not consider a competitor.
Why Choose Beusse Sanks for Patent Monitoring Services?
At Beusse Sanks, our experienced patent lawyers provide comprehensive monitoring services to protect your patent rights. Our firm offers the following advantages:
- Decades of Experience: With years of experience in patent law, our attorneys understand the importance of continuous patent protection and the steps needed to secure it.
- Tailored Services: We create customized patent monitoring strategies that align with your business’s needs, providing ongoing protection and insight.
- Comprehensive IP Support: We offer a full suite of intellectual property services, including patent registration, enforcement, and monitoring, making us a one-stop shop for all your IP needs.
Stay Ahead with Patent Monitoring Services
Securing a patent is just the beginning. Patent monitoring services ensure that your temporary monopoly created by your patents remain safeguarded, providing you a competitive advantage in the marketplace. By working with Beusse Sanks, you gain the expertise and proactive monitoring needed to protect your valuable inventions.
Ready to protect your patents with professional monitoring services? Contact Beusse Sanks today to speak with one of our experienced patent attorneys and start realizing added financial benefits from your patent portfolio.
