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Home Products Patent Management
 
Overview and details on patent management
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Overview

Lecorpio patent management provides for the implementation of measures to ensure that a patent department identifies the right law firm/resources, adequately protects, and controls intellectual property portfolio and budgets.

Patent management provides corporate legal departments, geographically distributed law firms, inventors and stakeholders to operate as one for competitive advantage. This provides end-to-end collaboration and visibility of patent assets and processes.

Patent case information is organized into electronic tri-folders analogous to the current paper file folders. All participants in the process, including inventors, in-house counsels, law firm attorneys, administrators, docketing clerks, annuity payment service providers and others, are linked to this database and given selective access to information relevant to their role in the process. Access privileges are controlled so that each participant sees only what is necessary to carry out their responsibilities. Each party in the critical path is notified when they are needed to perform a task, and alarms are triggered if delays occur.

Corporate counsels can manage budgets, estimates and actuals for each prosecution activity. This enables corporate legal departments to efficiently manage resources and reduce costs.

 

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Benefits
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Reduce administrative overhead

All participants maintain a single set of records. The data is entered only one, each participant has access to the latest and accurate data from a centralized location.

Improve budget planning and  forecast

Manage budgets, monitor any unapproved extensions on filings, gaps between estimates and actuals.

Improve performance

Streamline frequent administrative processes with easy to use, rapid and automated workflows for domestic and international filings, prosecution and maintenance.

Manage risks and rewards

Perform graphical analysis interactively on your patent portfolio to understand gaps in innovation, competitive intelligence and opportunities for in-license and out-license.

Manage institutional knowledge

Share knowledge on filings and intellectual assets internally and with law firms and across the extended enterprise.

Understand productivity

Gain real-time analytical insight into the productivity and performance of the law firms to improve decision-making.

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Centralized repository

Patent case information is centrally organized into electronic case files. All correspondence and emails between attorneys, inventors and other case participants is stored in the electronic case file to provide a single source of all relevant information.

Prosecution workflow management

Prosecution actions include specific templates and workflow for each prosecution action. The examples include restriction requirements, office actions, response to office action, other PTO correspondence, notices of allowance, checklists, allowed claims, etc. These documents may be in Word, Excel, Visio, PDF, TIFF or other formats. Official correspondence is stored as unalterable images in the exact form they were filed in or received from the patent office.

Docketing management

Docketing management is fully integrated with case files, docketing is automatically associated with cases, and the user can instantly link from docket to the case file, or from case file to docket.

The system provides patent statutory country rules for several countries. You can also add your own custom docket generation rules.

Spend management

Patent prosecution management provides comprehensive budget, estimates and actuals management for each task performed by law firms. Each estimate provided by law firms goes through a review and approval process. This provides a complete and most up to date budget situation.

Patent portfolio management

Create, manage and analyze your portfolios and cluster them by technology areas, product groups and other business factors.

Annuity review and approvals

The annuity review and approval process can be triggered at a pre-determined schedule and let participants provide their input to the decision. This streamlined process saves a lot of money spent un-necessarily on maintaining non-core patents every year. You can also produce an output to your annuity service provider in their required format.

Robust analytics

The integration of Lecorpio business intelligence capabilities reveals the hidden factors driving patent portfolio management. Allows report configuration, customization and real-time reporting.
 

 
 
 
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