Securing the Future: Essential Wisdom for Modern Patent Development and Trading

There is more for Protecting Intellectual Property, “Business Strategy Wisdom”

The wisdom since the last part of last century is the modern strategic planning that save much of the sorrows and losses 92%-98% of inventors and investors actually find in this industry.

In today’s fast-paced and very competitive world, innovation is at the heart of every successful business and new business development. More so for new companies of entrepreneurs and inventors who are seeking to bring yet new discoveries to market, navigating the complex “sharks eating sharks” waters of the intellectual property (IP) industry it is simply crucial. This website points to special elements of successful wisdom and strategies which has been proven as rewarding to us, because our aim is to share with others what we have selected for our patents’ trading process.

The Importance of Business Strategy

  • Securing Your Ownership: Yes, patents protect your unique innovation, but are not all you need/must have so to maintain the competitive edge in the market for the long term.
  • Attracting Partners and Team: Monopolies are in control of most markets, so collaboration partners with your team is a good starting point, and is also an indicator of your real opportunity in the competitive world, if you were to startup in hope of take-over or actual strong and safe corporate growth.
  • Positioning yourselves in the Market: When you partner with a monopoly, it also wins, and this is when the Clear IP rights should be submitted for patent. We refer to this as the PrePatent—PrePartnering way. The objective is to secure your product from competitors not only by its special features or difference for enhancing its marketability but to actually secure its local, reagional, national or Internationsl market and also protect your Global consumers.

Options in Patent Trading

1. Depending on Your Patent, Technology, Product, Service:

Starting in the very early phase of your patent venture, we also recomend your study of what is already in the market and what has been invented/patented but is not on the markets. This takes some wise/skillfull search to find capabilities by many words which first come to your mind but with many searches with thinking along others’ ways of thinking. This opens for you the potential of choosing how to describe your patent apart from anything a patent-examiner will find as existing art, and also short listing people and companies which may be good potential partners in your project:

  • Search the www internet not only for patents, search also for potential competitors by products or services, know-how or systems/solutions etc’…
  • Search the USPTO (United States Patent and Trademark Office) and WIPO (World Intellectual Property Organization) for Titels and Specifications which may be part of your Patent Application.

2. Start Building your Team and options for Strategic Partnerships

Leveraging relationships can unlock various opportunities for patent trading:

  • Collaboration: Partner with major existing corporate monopolies, organizations or influancial plus resourceful individuals as well as others who have complementary patents.
  • Licensing Agreements: Allow others to use your patents in exchange for royalties.
  • Joint Ventures: Pool resources, minimise risk and share safe commercial benefits.
  • Technology Transfer: Many major corporations like this option, because they can go ahed without you or your corporate team. We do not see this as wise as keeping the “Mother of Invention” at home with the Monopoly, mostly because of the Trade-Secrets leading to the invention, and the history of prototyping innovations, reaserch, lab, studies and etc’…

3. Understand the Real Value of Your Patents

Valuing your patent correctly is crucial, and a mistake many inventors make. You need to consider the:

  • Actual starting and long term Market Demand/Need/Want for your innovation.
  • Employing patent life properly as in our full term Prepatent strategy.
  • Potential for commercialization alone or with a suitable honorable partner(s).

Online valuation tools and professional appraisers can help ascertain the worth of your IP.

4. Protect Your Patents in the Trading World

When engaging in patent trading, it’s important to protect your interests:

  • Non-Disclosure Agreements (NDAs): Use NDAs to prevent unauthorized sharing of your ideas.
  • Lawyers and Advisors: Consult with IP lawyers to avoid pitfalls in agreements.
  • Due Diligence: Ensure that potential trading partners hold valid rights to their patents.

Conclusion

In the realm of modern investing and patent trading, wisdom is key. Understanding the patent landscape, building strategic partnerships, valuing your patents effectively, and ensuring proper protection can lead to sustainable growth and innovation success. By sharing experiences and knowledge within this community of inventors and entrepreneurs, we can together foster a culture that promotes safe and beneficial advancements in the IP industry.