15th November 2021
The Management of Patent Risk: Why proactive engagement costs less
Proactive approaches are key to patent risk management
Patents protect products, prices and profits. Experts know that patents owned outside their own organisation pose an existential threat to each of these. Patents can prevent the sale or importation of products and impose crippling royalties and damages.
If you don’t own the right patents competitors will line up to steal your market share and the value of your intangible assets can dissipate into the ether.
81% of patent owners will deal with patent risk in the next two years, yet less than 50% have a framework in place to deal with these risks when they arise. With intangible assets making up 80% of enterprise value, why do we take such a reactive approach to patent risk?
Nigel Swycher, CEO and Francesca Levoir, Head of Marketing, authored a report titled The Management of Patent Risk: why proactive engagement costs less.
The report covers the following:
- Key Findings from the patent risk survey
- Recognising the common ground
- Classification of patent risk
- Mitigation of patent risk
- Communication of patent risk
- Suggested framework for patent risk
- Prevention is better than cure
To access the full report, fill in the form below.
The abridged version of this article first appeared in IAM on 10 November 2021.
Find out more about how Cipher can help with Risk Mitigation or get in touch directly.
Management of Patent Risk report
Patent Risk report
Discover how you can mitigate patent risk
- What are patent professionals doing to manage patent risk?
- How can you take a proactive approach?
- What risk mitigation strategies can you adopt?
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With Cipher you can…
Optimise your portfolio
Ensure you have the right portfolio to meet your strategic patenting objectives.
Gather competitor intelligence
Understand who’s doing what by automating patent to technology mapping.
Model cross licensing
Combine patent and revenue data to determine rational licensing outcomes.
Conduct due diligence
Automate manual reviews for efficient execution of M&A and licensing transactions.
Tackle inbound patent assertion
Be prepared with evidence to create a fast and effective threat assessment.
Benchmark your portfolio
Assess your portfolio in comparison to other owners through your technology lens.
Monetise your portfolio
Identify opportunities to create value through licensing or sale of patent assets.
Predict technology trends
Track new technologies and discover the unknown owners of future innovation.
Create Risk Mitigation Strategies
Understand the materiality of your threats to define your risk mitigation strategy.