In terms of intellectual property, novelty refers to the one that hasn’t been formerly demonstrated in the public domain. An invention that is not clearly apparent to a person of ordinary skill in the art is considered to be non-obvious. The obviousness of a technique is established by comparing invention to one or more pieces of prior art. Utility is concerned with whether the invention can be manufactured in line with the patent’s claims and details.
Patentability analysis is done to determine if an innovation is patentable by examining the three essential factors required for obtaining a patent, including novelty search, the new product's obviousness, and utility. Aside from these aspects, it also determines whether similar inventions exist in the prior art, there must be no earlier use of the innovation.
The notion of landscape analysis is centered on establishing a unified and consistent image of the major organizations and efforts in some examined area of operations, as well as analyzing selected critical features of them.
Patent Landscape Analysis is a comprehensive examination of the current technology and market developments in the relevant sector. It also provides a competitive analysis of past, present, and future trends in the relevant technological sector, which assists in the planning and innovation of research strategies.
Invalidity Analytics aims to invalidate one or more claims of a patent in contention. Such analysis plays a major role as in the case of infringement of patent, such proof of invalidity on basis of prior art act as a first and foremost line of defense.
Innumerable resources are spent in developing a product or service, but before launching the product it is necessary to protect the company and its product from legal difficulties; these difficulties may arise due to infringement of Intellectual Property (IP). The world has become one big hub, wherein products from remote parts can also be made available or shipped across the world. This has caused an increase in infringement of IP, even a slight similarity to a trademarked or patent product can hamper the innumerable resources in the form of Finance, intellectual minds, manufacturing, marketing costs etc.
To safeguard yourself from such infringement suits and protect your product and your interest in its success, it is imperative to conduct ‘Clearance Analysis’.
To keep the Intellectual Property a profitable ownership, it not only makes you and your business look attractive for potential investors and makes your business valuable; but also creates a barrier for other companies planning to apply for a similar Intellectual Property right which may clash with your own holding. Today’s market is not just about the local competitors, but also an international competition with increasing competitors at every step of the way, to keep our Intellectual property holdings viable and business becoming a valuable prospect- it is imperative that as the owner of the IP Portfolio that you have a skilled and experienced team of professionals that handle and manage your portfolio and your vested interests. A strong IP Portfolio will give you the confidence and freedom to operate and enter into newer ventures and explore prospects. Inovatree’s team of IP counsels can aid you in forming your complete IP Portfolio so that your entity has an extra edge above all competing businesses.
Licensing is one of the most important modes of sharing intellectual property and generating wealth. Licensing of IP is a very vital component of business strategy of big enterprises. Since they invest substantial amount in research and development activities, licensing is, therefore an important way of reaping the benefits and a part of its investment. Licensing can be done in the context of technology, which covers patents and inventions, know how, trade secrets, copyrights in industrial drawings, designs of integrated circuits etc. Apart from this, copyright in musical and other works, and trademark can also be licensed. National laws are applicable to licensing unless the parties opt for their own terms and conditions.
The explosion of information, expansion of competition, growth of alternative competitive models in the law filed and the rise of focus on business development operations are the reasons behind the current fast gaining growth of competitive watch analysis.
Businesses and individuals would not realize the value of discoveries or creations if ideas were not protected, and they would spend less on research and development. Intellectual property rights or IPR are the rights granted to individuals over their creative works that are created from one’s intellect. They generally grant the inventor exclusive rights to utilize his or her invention for a set period of time.
A comprehensive IPR framework is the most effective approach for any innovative business that wants to thrive in the industry. The IP team at Inovatree, has a vast expertise in forming strategically effective Intellectual Property Framework for various businesses. It acts as a one-stop solution for all your Intellectual Protection needs.