When managed properly, a company’s intellectual property (IP) can be a key driver of growth; providing a foundation for smart product innovation, extending revenue potential, limiting competition, and maximizing profitability. Leading companies strategically manage IP and understand the value of utilizing IP assets to generate significant revenue streams. But the rules in the US for protecting your IP are about to change. Now more than ever, companies need to critically access their IP processes and strategy because the America Invents Act is coming.
The America Invents Act (AIA), signed into a law on September 16, 2011, switches the U.S. patent system from “first to invent” to “first to file,” harmonizing it with the European Patent Convention of 1973. AIA is arguably the most significant change to the patent system since the U.S. Patent Act of 1952 and becomes effective March 16, 2013.
To navigate this and other changes in the AIA, companies will need to make quick, informed decisions on which patents to pursue to support their IP and innovation strategies. To do this, they’ll need to develop specific IP management capabilities.
Read full article » kalypso.com/viewpoints…