Importance Of Maintaining A Balanced Patent Portfolio

A Patent Portfolio forms a significant part of a corporate's overall value. Building and managing a strong patent portfolio plays a very important role in the success of an IP savvy company. Each and every step in the process of developing and maintaining a patent portfolio is crucial in achieving business goals and attaining patent success.

Effective and efficient patent portfolio is managed by strategic patent filing, managing critical patent timelines, diligently docketing business analysis and auditing. Many business giants like Google, Facebook Inc, Microsoft corp, Ford Motor Co, Honda motor co. Ltd, Sony corp and others are participating in patent buying marketplace known as IP3 (Industry Patent Purchase Program) in an effort to improve their patent portfolios.