Twelve Things to Consider When Choosing a Patent Life Cycle Management Vendor

Partnering with a Patent Life cycle Management Company lets you outsource routine administrative responsibilities.  This allows you to focus your time and resources on strategy and achieving your business objectives.  It is a big commitment with a big payoff.  But how do you choose the right Patent Life Cycle Management Vendor? At MaxVal, based on the decade plus experience partnering with our clients, here are the vendor attributes that we found to be important for our clients in choosing a vendor. 1.  Vendor’s Vision and Mission Does the vendor have a clear mission and vision that aligns with your IP

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MaxVal’s Max-Insight: Popular Toolset for Patent Professionals Gets Better

Max-Insight is a suite of tools that is offered by MaxVal for patent professionals.  The tools are designed to help with routine tasks that can consume a lot of a patent professional’s time. Patent Term Estimator – The Most Popular Tool This free tool automatically estimates a patent’s expiration date, which is the first step in analyzing a patent. When a highly accurate patent expiration date is required, for example in preparation for litigation or for a licensing negotiation, MaxVal provides a comprehensive Patent Term Calculation report, including a manual review of the source data by a paralegal.  This report

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Transparency is Critical in a Patent Annuity Payment Service

MaxVal Annuity Payer was launched in 2014 with the goal of providing complete transparency on annuity payment fees, as well as simplified workflow and excellent service. Pricing transparency is an important issue for customers. Things get complicated when negotiated fees are combined with currency exchange and foreign agent fees. Misunderstandings over fee amounts can easily occur. These misunderstandings can spill over into the courts. MaxVal Annuity Payer provides comprehensive status updates and pricing transparency on all renewals, using a simple, easy to use web portal. MaxVal’s simple and transparent flat fee structure (which is highly competitive) aims to take the uncertainty

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How Effective is Your IDS Process?

Have you evaluated the effectiveness of your current IDS process? Take your IDS process to a higher level by knowing where to leverage and how to save time and cost. Answer these 10 simple questions and obtain an instant IDS score along with recommendations for improving your IDS process. Take me to the evaluation page Bonus: On completing this questionnaire, get a FREE 30-day pass for Silver Plan in Max-Insight (a suite of free patent tools). If you would prefer a free, personalized assessment of your IDS process, contact bd@maxval.com

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Patent Litigation Analytics – Report on Judges in 2014 cases

This is a sample report focusing on judges from 2014 patent litigation cases. The data is analysed in various angles and findings are provided to help companies, law firms, litigators and analysts to make key business decisions and position themselves to handle litigation better.

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Why do We Pay Maintenance Fees?

Patent maintenance fees continue to increase. However, once the patent has issued, the USPTO does not provide any ongoing services to the patent holders. Therefore patent holders are correct in wondering why they must pay patent maintenance fees and why the fees are increasing. The requirement of maintenance fees has both economic and public policy reasons. First, maintenance fee revenue is used to fund the operations and expenses of the USPTO such as the examination of new patents. Second, maintenance fees allow for the promotion of progress of science and useful arts. Funding the USPTO The net cost of the USPTO program

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Competition Monitoring Across Patent Lifecycle: Using 5 Powerful Email Alerts

The patent landscape is tougher and more complicated than ever before. The ever-increasing amount of patent litigation cases in district courts, federal courts, and PTAB trials and appeals courts is a clear indicator of the struggle inventors and companies face to secure their intellectual assets. Applying for a patent, getting it granted and monetizing it is harder than it was a decade ago. This state of affairs automatically makes the inventors and patent professionals obsessive towards competitor monitoring. Collecting competitor data and deriving the relevant information is only one half of competent competitor monitoring. Inventors and patent professionals must also

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5 Everyday Tasks of Patent Attorneys/Paralegals (and Instant Solutions)

Patent attorneys and paralegals handle a sizable list of routine tasks for their clients every day. Some are minor but repetitive; some are complicated as well as time consuming. While it may not be possible to completely automate those complex tasks like drafting claims, prior-art search, proofreading or certain USPTO activities; it is feasible that certain simple tasks like patent term estimation, generating IDS forms or claim charts or even a mere litigation check can be done rapidly and efficiently by leveraging the power of online tools. These tools are the helping hands for Patent attorneys, paralegals and even for

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