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THE DEVASTATING CONSEQUENCES OF KEYWORD SEARCH TO THE IP INDUSTRY
Keyword results show all patents containing the keyword or keyword combination, even if they're not relevant. This demands a manual inspection of documents - often running into thousands. The search misses patents that do not contain the selected keyword - yet they still might infringe or invalidate your patent. The result is not trustworthy.
Insufficient patent information may result in:
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Significant wastage of R&D investment |
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Risks of infringement and invalidity |
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Misleading assumptions and decisions |
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Insufficient patent protection |
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Missing data to invalidate competitive patents |
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Patent trade limitations |
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Inadequate patent valuation |
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M&A limitations |
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Low patent fund quality |
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continues unjustified fees for unqualified patents |
On average, 80% of corporate patent portfolio remains unused today. Based on an average R&D spending of 4-6% of revenue, that represents billions of potential cash flow. In 2007, patent offices denied 45% of patent applications which represents 1 billion EUR of fees alone wasted by affected corporations. |
