Patent Strategy

Patent strategy involves planning and managing how a company protects its inventions and innovations. It includes deciding where to file patents, how to use patents to defend market share, and when to license or sell them. A well-crafted patent strategy aligns innovation goals with business objectives, helping to prevent competitors from copying ideas, creating barriers to entry, and generating revenue. Essentially, it’s a strategic approach to leveraging intellectual property to support long-term growth and protect competitive advantage.