PATENTSTRATEGYInventions are frequently filed for patents or utility models without any clear plan. In most cases, there is no precise idea of what is to be accomplished with the property right.
The desire for protection originates in many cases from a very basic fear of appropriation by third parties without any clarity as to how such an appropriation of intellectual property can in fact take place.
In many cases, the intention is to occupy a niche in the market with a patent or utility model without any clear idea as to the size of this niche in the market in terms of patent law, and whether blocking by merely one property right is actually possible. A patent family is required for actual blocking.
In many cases, it is not possible to use one’s own inventions. This applies to individual inventors and also to companies who cannot cover all the areas of application of their inventions. It is then appropriate to licence the entire invention or at least individual applications to achieve additional income.
Regardless of its use as a prohibitive right, a property right can also have a valuable external effect for the owner. The registers at the relevant offices are accessible to the public. Not only actively advertising the property rights but also examining the register gives third parties an impression of the innovative capacity of a company.
Patents and utility models are independently tradable values. In the event of a company being sold, preparation of succession or impending insolvency, property rights can be evaluated and put on the balance sheet depending on the evaluation.