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Rule 6: Consolidate providers

Rule 6: Consolidate providers

Rule 6 of 7 Selecting only one or two providers to handle your patent work can sometimes increase your buying power, giving you more favorable rates. Asking those providers to use the same foreign attorneys (ideally with whom favorable rates have also been negotiated) for all your work can help too. In general, if you […]

Rule 5: Batch file to create economies of scale

Rule 5: Batch file to create economies of scale

Rule 5 of 7 If you have multiple filings due in a given month or quarter then do a batch filing to maximize efficiency and minimize costs. And don’t be afraid to ask your patent attorney for a discount if you can instruct a significant number of cases simultaneously! The same goes for external service […]

Rule 4: Choose a foreign filing service that’s on your side

Rule 4: Choose a foreign filing service that’s on your side

Rule 4 of 7 Many patent applicants and attorneys don’t realize that there is choice available as to who to use for the foreign-filing component of the patent process. The emergence of specialist foreign patent filing providers utilizing technology and purchasing power has created significant efficiencies that translate into cost and time savings for patent […]

Rule 3: Ace the patent application process

Rule 3: Ace the patent application process

Rule 3 of 7 Sometimes it is not only what you do right but what you don’t do wrong that counts! Plan your decision-making and funding processes to ensure instructions are sent well ahead of deadlines. This will avoid translation urgency fees, and late fees for submitting executed powers of attorney and assignments (where required). […]

Rule 2: Select countries intelligently

Rule 2: Select countries intelligently

Rule 2 of 7 Before selecting countries, do your homework on the competitive landscape, market opportunities and IP system that each potential jurisdiction offers. For consumer goods, first cover existing markets (typically including your home country if not already covered). For many products, that will mean the USA and Europe, possibly followed by secondary markets […]

Rule 1: File a PCT application instead of direct foreign filings

Rule 1: File a PCT application instead of direct foreign filings

Rule 1 of 7 As the convention priority year comes to a close, decisions need to be made about the invention that is the subject of the priority filing. Is there sufficient commercial interest (or advantage) to justify the costs of continuing with the patent process? If so, in how many countries is patent protection […]

Seven Ideas for Reducing Foreign Filing Costs

Seven Ideas for Reducing Foreign Filing Costs

Many of the patent owners, their IP departments and patent attorneys we speak to are under budget pressure. This is especially the case in the essential – but relatively high cost – area of international patent protection. A recession might last a year or two, but patents last for twenty years. It’s therefore a delicate […]