It has been over fifteen years since the release of Private PAIR. It was one of the most significant technical achievements by the USPTO and one of the major milestones in the patent data revolution by allowing electronic patent filing and data access.
Usually in large companies, IP is managed by a senior IP counsel who runs a dedicated IP operations department. In your company, there may not be a dedicated in-house IP counsel. But, in every innovative business there is always someone whose job includes managing the company’s IP. That person, the IP Manager, makes sure that the company’s patent strategy is implemented, deadlines are met, forms are completed, and documents are submitted, etc. The IP Manager makes sure that the IP train runs on time, so to speak. They may not have IP in their title or have a law degree, but they are the go-to-person for all IP matters.
MaxVal is excited to announce the preview of MaxVal’s SymphonyIAMTM. SymphonyIAM is a complete Intellectual Asset Management solution built on the foundation of correct, current, and complete asset information by leveraging unparalleled access to both public and private data sources. Based on this foundation, SymphonyIAM provides IP managers full visibility to their patent portfolio. This allows them to make insightful decisions, take informed actions and mitigate risk.
Open Innovation is a rapidly evolving methodology for accelerating new product development. Rather than developing innovations and new technologies secretly in a corporate laboratory, firms embracing Open Innovation actively seek new ideas from outside the firm and actively solicit ideas for their toughest challenges.
For rapidly growing innovative companies, intellectual assets (patents, trademarks, copyrights and trade secrets) are the ultimate source of competitive advantage. These assets usually underpin the company’s valuation and must be managed carefully. The person responsible for managing the IP portfolio must orchestrate and coordinate activities of inventors, outside counsel, in-house IP operations staff and external service providers. At MaxVal, we see our clients’ IP managers struggle with juggling docketing systems, spreadsheets and patent workflow management in general. As the number of patent applications and foreign filings grow, keeping track and being able to report on status becomes a significant problem.
South Korea’s WIPS Co. Ltd. has licensed MaxVal’s Litigation Databank to provide comprehensive information on US patent litigation to their clients. WIPS is the leading online patent information service provider in South Korea. WIPS Global is a web based patent search system with comprehensive global patent data coverage, including the US, Europe, Japan and China.
MaxVal’s Litigation Databank contains a comprehensive database of over 71,000 cases from the U.S. District Courts, the Court of Appeals, the Supreme Court and the ITC. Litigation Databank subscribers can search cases, produce reports on cases and parties, set watches and download case related documents.
Max-IDS is MaxVal’s cloud-based, hosted, Information Disclosure/Reference Management solution. Max-IDS is much more than a form generator. Max-IDS stores your references in a centralized database together with information about the cases citing each reference. This promotes consistency, reduces confusion and makes ad-hoc solutions (such as individual spreadsheets) unnecessary.
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?