To IZI Patents’ motto “Making money from molecules”, IZI Patents broadly advises its clients on strategic IP management. An important part thereof is the company’s patent portfolio, which should at every moment and in all aspects support the business objective(s). In order to achieve this, it is of utmost importance to identify the relevant business objectives, such as creating freedom to operate, blocking competitors, or creating (cross-)license opportunities. Once inventoried, management of the patent portfolio should focus on these business objectives in order to make money from molecules, instead of losing money on patents.
IZI Patents is your ideal partner in streamlining your patent portfolio with your business objective(s).
IZI patents has the expertise to manage your patent portfolio, including filing and prosecuting patent applications throughout the world, taking care of renewals, granting procedures, opposition, and litigation. At IZI Patents, patent portfolio management automatically includes strategic advice, because it is IZI Patents’ conviction that effective patent portfolio management can only be achieved when the patent strategy follows the business objectives (see also “Strategic advice”). IZI patents is always willing to advise on how to adapt your patent strategy to your business model .
Your business strategy may for instance focus on blocking competitors from selling a specific product. Your patent strategy must therefore focus on efforts to have a granted patent that protects that specific product. In such case it is of limited use that you obtain strong patents on your products alone, that do not cover your competitor’s product.
Third party rights analyses (Freedom to operate)
When developing a product or a process it is important to realize that the sheer fact that you own a patent on your product or process does not give you the right to market it. A patent only gives you the right to forbid others to sell your patented product or use your patented process . It is possible that your competitors or other “third parties” own patents that also cover aspects of your patented product or process, which give them the right to forbid you to sell your product. For example, you may have a patent on an improvement of a product or process, which product or process itself is patented by a competitor. In that case you may not sell the improved product without your competitor’s approval, e.g. in the form of a royalty based license. It is therefore important to know which patents or patent applications cover your product or process in order to react early to such cases.
IZI Patents can perform thorough searches in patent databases in order to retrieve patents and/or patent applications that may be relevant for the development of your product or process. The patent attorneys of IZI Patents can then advise you on the relevance of these patents and/or patent applications for your business and how to prevent, circumvent or deal with possible future actions of your competitors.
Before drafting and filing a patent application, it is beneficial to have at least an indication of the patentability of your invention. The three prerequisites of a patentable invention are: 1) that it is novel, 2) inventive, and 3) industrially applicable. With novel is meant that it should not have been disclosed to the public, i.e. it has not been described in the literature, nor that the invention has been shown or discussed (orally) in public. An invention is inventive if it is not obvious in view of what was known at the date of filing, and it is industrially applicable if it can be used in any kind of industry, including agriculture.
IZI patents can perform thorough searches in the scientific and patent databases in order to retrieve documents that may be relevant for (non-)patentability. Based on these documents, the patent attorney of IZI Patents are able to advise on the patentability, i.e. on whether the invention is novel, does involve an inventive step and is industrially applicable.
Additionally, IZI patents is able to advise on valorization of the invention, i.e. how to make money from your invention. It is the conviction of IZI patents that patents should generate money in your business and not only cost you money.
- R&D / joint development agreements - are you sure your know-how is well protected?
- Knowledge improvement: IP protection and limitation of your liability
- Non-disclosure agreement: how to proof afterwards exactly your disclosures?
- How to license your technology - are you aware of the ins and outs?
- How to set up a consortium to jointly develop a business standard, taking into account all members' IPR