In today’s competitive market, keeping a close eye on your intellectual property, or certain equipment’s has become crucial to gain that extra edge as well as avoid possible infringement lawsuits worth enormous amounts of money. Regardless of the industry in which a business operates, tracking the technological development or intellectual property is one of the best ways of acting upon any products, patents, trademarks, designs and/or copyrights etc., which could infringe upon what you are inventing, manufacturing, or selling.
Consequently,
let us define IP Watch more, what falls under its umbrella and all its general
aspects:
IP watch
services or IP monitoring is a process of tracking other IP applications for
any possible infringement from either sides. However, IP watch services also watch
over all IP applications that may prove beneficial to you. Correspondingly, the
service watches over any targeted IP application for its current status or
prosecution stage.
No matter what is the industry your company operates in, it is essential that you keep a close eye on the market IP activities; by such and act, pinpointing any products that will infringe your inventions, manufacturing, or selling become much easier. The watch service dives deep into the IP activities of the major market players, allowing you to have a bird’s eye view of their:
·
IP dynamics.
·
Copyrights activity.
·
IP litigation.
·
R&D strategies.
·
Technology development.
·
Acquisitions and licenses.
·
Patent transfers.
·
Current patenting activities.
·
Trademark applications.
·
Designs activities.
· General IP activities.
Essentially, an
IP watch enables you to stay at least one step ahead of your competitors.
IP watch
services has proved being very useful for every business owner in order to keep
a track of other IP applications. Another notable benefit of an IP watch is
that you can use it to track expired IP applications as well as abandoned ones,
this enables you to pinpoint applications that are soon to be available in the
public domain. In knowing this information, you will be able to see which
expired or abandoned applications are safe for you to use. Moreover, this helps
you keeping in touch with upcoming opportunities and dodge any threats in terms
of intellectual property, while the continuous of such a service helps you to
get an idea of upcoming technologies, market needs and business demands. Not
forgetting that it will be a major support to the research and development
department of your entity in terms of new ideas and innovations which is very
helpful to remain updated with your competition field; accordingly, you can
consequently plan and prepare your strategies ahead for all your upcoming
business challenges. Meanwhile, it makes tracking and filing against an IP
application that may infringe the claims of your IP rights easier and vice
versa, if the claims in your IP applications are somehow infringing the rights
of other applications the watch service notify you to allow you to make the necessary
changes before the third-party files any kind of objections against you.
If your company builds its own products
or services, then yes, you need to conduct an IP watch on regular basis because
the existence of another application that is identical or similar to yours is
likely to devalue yours; thus, threatening the success of your business.
There are numerous forms of IP watches to
invest in including but
not limited to:
· Design watch: The design watch service helps to monitor newly accepted or published Design Patents, it also tracks down the expired, abandoned or rejected Design applications.
· Infringement watch: The infringement watch service monitors fresh Evidence of Use (EOU) in different formats (i.e. Goods, services, process, and others).
· Technical patent watch: A technical patent watch covers the search for recently accepted\published patents in the related technical field.
· Trademark watch: Trademark watching is an important tool in the proactive monitoring of registered marks and devices, helping you to identify and act against infringement and misuse of your trademarks in a timely manner.
· Patent legal status watch: This watch service is provided to get the status of a patent application during prosecution and patent after grant; moreover, it helps to address you toward any changes or alterations required in the patent.
· Technology watch: The technology watch is monitoring newly published patent applications and issued patents in the targeted technology and keeps you abreast of technical developments in the field of interest, it helps analyzing concerned patents in the field of interest to identify business opportunities.
Because there are various forms of IP watch to take
advantage of, you should speak with an IP expert to determine which types are
best for your entity and which ones will most help mitigate legal risks.
Watching of your IP applications is key to ensuring its value on the market. As such, our team is specialized in IP watch actions that prevent registrations of inventions and/or applications identical or similar to yours that may be intended to bring harmful or illegal acts, such as the infringement of the exclusive use granted by your rights; what can we offer you as IP experts:
Ø KNOWLEDGE:
Our professionals master not only the
procedures for monitoring the chosen form of protection, but also the specifics
of the market and the outlining of the technical measures that can and should
be taken.
Ø PERMANENT
WATCH: After the
registration of one of these forms of protection, we will always be alert to
possible infringements. We notify you when third parties attempt to register
patents or utility models with technical characteristics that are identical or
similar to those of your registered inventions and/or applications. We then after
receiving your instructions proceed with an opposition strategy against the new
application.
Ø STRATEGY: If illegal actions are identified, we
define an appropriate strategy by contacting administrative authorities and by
finding grounds for further action.
Ø ADVANCED
TECHNOLOGY: To
identify cases of exclusivity infringement, we have advanced technological
systems to watch new IP applications, regardless of the jurisdiction.
At Scutum IP Law Firm, we recognize the economic viability of Intellectual Property asset to businesses and that is why we offer right owners, who are no longer content with the nefarious activities of infringers, a comprehensive solution which effectively enforces and protects their Intellectual Property rights by providing the most efficient results with the help of our experts and technical team.
We perform a manual search over a wide range of database to provide a result on the global level. While exerting our maximum efforts to provide results within a prompt timeframe and with minimum charges possible and provide tailor-made watch services or monitoring services to our clients.
Our top-rated professionals
combine Intellectual Property, regulatory and transactional, dispute
resolution, and legislative work in many industries, Moreover, we pride
ourselves to have:
ØThe Widest and Most Flexible
Coverage.
ØA 100% Manual Searches in
parallel of performing an automatized intelligent search.
ØVery Competitive Charges.
ØA Clients Satisfaction High
Rate Guaranteed.
We believe in providing the highest quality and attaining our clients satisfaction because our main core values revolves around our clients, we provide quick pro-active and efficient services based on experience and specialization with us you get better than what you have asked for.
For more information on how we can assist you with Watch services please
do not hesitate to contact us.
Kindly note
that, the above information is simplified and must not be taken as a definitive
statement of the law or practice.