Plougmann Vingtoft’s attorneys can assist you with strategic patent consulting in order to help you strengthen your competitive edge and seize new business opportunities.
Obtaining patents is about more than protecting your product and technology from copyists. With the right IP strategy, a patent is an investment that creates operational, tactical and business-related advantages.
Further, studies show that companies that focus on protecting their IP rights, do better in terms of turnover, gross profit and added value compared to companies that do not focus on IP rights.
Strategic patent consulting based on business insights
Plougmann Vingtoft’s consultants have either a technical MSc or PhD topped with an education within IPR. Hence, they all have ‘state-of-the-art’ technical and legal knowledge, which allows them to become acquainted with their clients’ technologies and products very quickly.
Plougmann Vingtoft has a professional insight into our field, which means that I’m not left with a feeling of talking with simple attorneys, but actual technical specialists, who talk our language and understand our field. It demands a certain commercial touch to make this a success. And that is what Plougmann Vingtoft possesses.
– Randi Søndergaard, CEO IsoFirms
Examples of the services we provide
Patents are an increasingly important competitive parameter for companies in the global market, and a lack of patenting knowledge can destroy an otherwise very promising business model.
Plougmann Vingtoft’s attorneys can help you establish a bulletproof strategy for your Intellectual Property Rights (IPR) that takes the following into account:
- Novelty assessment
- Strategic analysis of the business potential of your product/technology
- Freedom to operate analyses
- Drafting and filing of a patent application
- Surveillance of competitors and/or specific competitive technologies
Licensing as a patent strategy
A patent is valid for up to 20 years. During this time, there are different ways to use it strategically – for example through licensing agreements.
A license can be exclusive or non-exclusive, but in many cases, patents are cross-licensed. Cross licensing allows you to use another company’s invention while they get to use yours in return.
Further, you can use licensing agreements or patent sales to generate revenue even after you no longer use a patent. Additionally, you can license other companies’ relevant technologies, if you are looking to expand operations.