Effective portfolio management is characterized by:

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The decision should be integrated with the company’s overall business strategy, ensuring that IP activities support broader corporate goals. Decision Framework : Develop a structured framework to guide the decision-making process. This includes criteria such as the strength and scope of the patent, the strategic importance of the technology in question, and the competitive landscape. Portfolio Management A strong IP portfolio is a treasure trove of assets that, if managed wisely, can offer significant strategic advantages .

Comprehensive Reviews : Regular, detailed examinations of the IP portfolio to identify patents that are strong candidates for assertion or licensing. This process should assess each patent's novelty, enforceability, and australia phone number list relevance to current market trends.



Priority : Not every patent is worth asserting. Priority involves ranking patents according to their value or potential to generate revenue and focusing resources on those. Life Cycle Management : It is critical to understand the life cycle of each patent and make informed decisions about which patents to retain, abandon, or assert to optimize the value of the portfolio.