Employ smart shopping tactics to the patent acquisition process
By Kurt Leyendecker
Every three to 10 years, the average consumer embarks on the process of buying a shiny new (or new-used) car. There are many decisions to be made as to the type of vehicle, amenities desired or considered essential; and the buyer’s budget. Considering price alone, there are few who would suggest there is no difference between a new Mercedes Benz S600 and used Yugo GV. And yet, when it comes to hiring legal counsel to write and file a patent application, many don’t see the difference in hiring one attorney over another, shy of price.
In March 2017, the World Intellectual Property Organization (WIPO) reported that 2016 represented a record-breaking year for patent application. Moreover, the U.S. retains its No. 1 ranking for number of patents filed. That means more people and entities are creating more intellectual property that is potentially patentable than ever before.
Yet, patent seekers often don’t dedicate the amount of time spent while car shopping to secure the best financial investment, as they do when it comes to patent acquisition.