By balancing strategic abandonment with a focus on core

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Licensing non-core patents can generate revenue and partnerships can result in co-inventions and shared innovations that strengthen the portfolio. 6.3. The Importance of Continuous Innovation and IP Strategy Integration A strong patent portfolio is part of a larger intellectual property (IP) strategy that includes trademarks, copyrights and trade secrets. Integrating patents into a comprehensive IP strategy ensures holistic protection of a company's intellectual assets and contributes to long-term business success.

Emerging technologies, companies can maintain a dynamic and effective patent portfolio that supports their business goals and drives innovation. 7. Legal and Financial Matters Strategic patent abandonment involves a number of data contact number legal and financial considerations that must be carefully managed to ensure compliance and optimal resource allocation.



7.1. Legal Implications of Patent Abandonment Ensure Proper Documentation: Documenting the decision-making process for abandoning patents is essential to protect against potential legal challenges. This includes keeping records of cost-benefit analyses, stakeholder consultations, and strategic evaluations. Compliance with Legal Requirements: Adhere to legal requirements and timelines for patent abandonment to avoid accidental lapses or legal disputes.