International Patent Strategies To Save Costs

Intellectual property, although intangible, is critical for tech companies. Often small companies with valuable in-house know-how are faced with strong international competition but limited economic resources. Taking an expert look at U.S. patent law, this series of articles, published by Da Vinci Partners LLC, presents a number of important strategies based on US law that can save you money while giving you a significant advantage vis-a-vis your competition.

A patent is an exclusive right granted for an invention, which can be a product or process that provides a new way of doing something or offers a new technical solution to a problem. According to data from the World Intellectual Property Organization (WIPO), the typical European country files many patent applications. Taking Italy as an example, more than 10000 patent applications were filed in 2021, and it ranks 11th globally.