Patent Management

Patent management refers to the process of overseeing and handling patents, which are legal protections granted to inventors for their inventions. This involves securing patents by filing applications, maintaining them through fees, and ensuring they aren't infringed upon by others. Effective patent management also includes strategizing how to use patents to benefit a business, whether through licensing agreements, enforcement against infringements, or leveraging them for competitive advantage. Proper management helps maximize the value of intellectual property while fostering innovation and protecting the creator's rights in the marketplace.