A Key Obstacle to Implementing a Patent Strategy and One Way to Overcome It
Lane Powell Shareholder Alan Minsk recently authored an article titled “A Key Obstacle to Implementing a Patent Strategy and One Way to Overcome It.” In the article, Minsk discussed how to implement a patent strategy in a competitive environment, particularly when a patent may not issue for several years after filing during which time the needs of the company may change drastically.
Many articles have been written that discuss the importance of having a “patent strategy” and why investing in a patenting effort may have substantial value for a company. These articles also discuss why a driver for such a strategy should be the business goals of a company and not solely the protection of product or service features. However, one aspect of the process that has not been discussed as often is how to implement the strategy, particularly when a patent may not issue for several years after filing (as is often the case), and during that time the competitive environment and needs of a company may change drastically.