Patent Portfolio Management is a strategic service for companies that own multiple patents or plan to expand into international markets. A patent is not a one-time act; it is a living asset that requires constant monitoring, payment of annual fees (annuities), and strategic planning of geographic coverage. Missing even a single deadline can lead to the cancellation of the patent and the loss of technology. Effective portfolio management implies not only deadline control but also patent auditing—determining which patents are profitable, which should be sold or licensed, and where protection should be dropped to save costs.
What Patent Portfolio Management Services Cover
Partner patent bureaus on Legal.ge offer full administrative and strategic support:
- Deadline Monitoring and Renewals: Organizing the payment of annual maintenance fees in Georgia and abroad (deadlines vary by country).
- International Expansion (PCT/Paris Convention): Managing national phases—deciding which countries to enter before the priority period expires.
- Portfolio Audit and Optimization: Evaluating existing patents against business goals. Identifying "dead" patents and abandoning them to save budget.
- Licensing Administration: Tracking licenses and monitoring royalties for patents in the portfolio.
- Recording Changes: Reflecting changes in ownership, address, or name in patent registers.