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Patent Monitoring

The act of following and assessing patent-related information to more deeply study serious elements like competitive dynamics, technical advancements, and trends in intellectual property (IP) is referred to as patent monitoring. Organisations and various associations are able to use data to direct their Research and development initiatives, monitor the actions of their opponents, and go with overall informed decisions about their intellectual property approach.

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Overview of Patent Monitoring

Normally, patent monitoring includes putting together and reviewing patent-related information from a scope of sources, like industry journals, patent databases, and other public and private sources with particular software or services. Data about recent patents, patent applications, patent prosecution, and further related activities with patent could be remembered for the information.

Types of Patent Monitoring/Watch Service:

The criteria for patent applications or monitoring can be tailored to the needs of the customer. These are the most common categories of patent monitoring services:

Competitor patent monitoring/watch: This is done in order to receive updates pertaining to the patent applications of rivals in related fields that have been denied, granted, published, or expired.
Design patent monitoring/watch: This service aids in the observation or monitoring of recently accepted or released design patents. Additionally, it locates abandoned, denied, or expired patent applications.
Patent Legal status watch: The purpose of this patent monitoring service is to acquire the status of patent applications both during and after the award. Additionally, it helps to notify the client of any vital patent modifications.
Infringement watch or monitoring: This service tracks new Evidence of Use (EOU) across a variety of media, including products, services, processes, and other.
Technical patent Monitoring/Watch: This includes looking up newly accepted or published patents in the relevant technical subject.

Benefits of Patent Monitoring Alert Reports

The benefits of Patent Monitoring Alert Reports are as follows:

Forecast of Market Strategy: Understanding rivals' market strategies is an essential element of patent monitoring. What service or function, for example, do they provide that allows them to lead in a specific technical field? This will assist you in analysing your own plan and organisation. In order to achieve a similar standard of success, it can thus be improved and raised to that level. You can benefit from knowing your competitor's move in a variety of ways. To build your reputation, you can study the strengths of your rivals, contrast your work with theirs, and make improvements where you are falling short.
Recognition of Weak Points in Foremost Corporate: Understanding the weaknesses of your competitors can help you achieve all of your future goals. Being aware of their mistakes will allow you to grow and develop, and it will further give you an opportunity to shine and highlight your positive traits. One advantage is that you can predict their tactics and action plans for future growth with ease. By seeing them as an incredible chance, you can establish your reputation at their dipping terrain.
Identification of Infringing Technology: You can confirm whether or not your work infringes upon the intellectual property of others with the help of the patent monitoring service. This will assist in protecting the surplus amount of money that, should you be found in violation of the law, you will have to pay. With this knowledge, you can innovate in a new way since you will know that your original concept may have resulted in violations and that you need to modify it to prevent approaching infringement.
Determination of New Areas of Investment: Realising that it is relatively hard to develop the same market in your favour and that your competitors have a strong position in certain technologies. Then, you must focus on a different field of technology where investing is less likely to result in a considerable setback.
Identification of growth-feasible Sectors: It's always beneficial to be aware of your opponent's strong areas for development. This will help you create new, undiscovered technology rather than improving an existing one. A start-up will gain more from choosing a new industry than any reputable business since it will be easier to determine a name and gain recognition in the new industry than it will be in the earlier one.

It is suggested to engage an IP advisor to set up a watch that may look over the opponent's movements across all reputable online periodicals, journals, and databases after learning about the benefits of patent monitoring.

When Should You Carry Out the Patent Monitoring or Patent Watch?

In continuation of FTO (freedom to operate) or state of the art search and during the product life cycle and/or growth period. Depending on the needs of the client, the Patent Monitoring or Patent Watch can be carried out on a monthly, quarterly, or sporadic basis. The frequency varies based on the level of engagement in the technological sector. Generally speaking, we recommend that you perform quarterly patent monitoring to avoid a massive volume of papers and to avoid missing important or necessary patent documents.

Monitoring Changes in Legal Status or Opponents' or Competitors' Patents

During a search, relevant or crucial applications for the competition were found. Since they haven't been granted that thus far, they are crucial for the state of the art but won't endanger your business. These applications need to be kept an eye on in relation to their grant or application in a country that interests your market. The legal status and family members' observation or monitoring can be used for this. These documents can be filed in inactive folders on the company's user-specific Invention Navigator Knowledge Network; you will receive an email alert as soon as there is a change in your defined legal status.

Applications of Patent Monitoring

The following steps are usually involved in the explore related fields process:

Competitive intelligence: Companies can learn more about their Research and Development activities, spot possible threats to their own intellectual property, and develop their own approach to innovation by keeping an eye on their rivals' patent activity.
Technology scouting: Companies can find new technology and market trends, possible acquisition targets, and prospects for a joint venture by keeping an eye on patents.
IP strategy: Companies may make educated judgements about their own IP strategy by keeping an eye on patent activity as well as trends. This includes determining which sectors to seek patent protection for and where they can innovate safely without running the risk of violating already-existing patents.

All things considered, patent monitoring is an invaluable resource for businesses and organisations across an assortment of industries to stay informed on the patent landscape and make knowledgeable decisions about their inventiveness and intellectual property tactics.

Patent Databases are a Valuable Source of Information for the Patent Watch:

The need to protect intellectual property is growing. You still need to keep an eye out for ongoing patent-related activities to protect your idea against infringement, even though you may believe that your invention is secure once a patent has been awarded. As the owner of the rights, it is your duty to detect possible infringements and react suitably, as demonstrated by filing a patent opposition or engaging in legal action. As a result, monitoring is an important part of our work process, and it covers every intangible asset that we assist you with defending. Together, you and our patent attorneys can create a personalised search profile and receive a monitoring service for your patents. We periodically provide pertinent findings that pertain to your portfolio in accordance with predetermined criteria after scanning the data on applications and awarded patents available in patent databases. Reports can be ordered on a weekly or monthly basis or whenever it happens that best suits your requirements and the amount of patent activity in your sector. Of course, our knowledgeable patent attorneys can help you determine if this information is relevant.

As an alternative, or in addition to monitoring a particular patent, Additionally, we could put up a watch service that keeps tabs on the development of a particular industry or technology in addition to the intellectual property (IP) operations of one or more competitors.

The Importance of Patent Monitoring

Creating a systematic and automated patent monitoring service has several advantages:

Observe how technology is developing in your industry.
Place yourself in a strong position to protect and enforce your patent rights.
Keep track of any alterations on possible infringement of patents.
Ensures that decisions made for opposition or lawsuit efforts are well-informed.
Protect your intellectual property and keep your resources priceless.

Contact one of the following colleagues for further details or to schedule a personalised monitoring solution.

Why Kanakkupillai?

At Kanakkupillai, we use our industry experience and knowledge to guide companies through intricate laws, reduce risks, and streamline processes for optimal productivity and profitability.

Frequently Asked Questions

What is patent monitoring? Why do you need it? +

In order to provide clients with updates on advancements in their business, patent monitoring entails the ongoing tracking of actions linked to patents, like monitoring the legal status of patents, modifications to their status, new patent applications, and issued patents. By keeping you updated with the patent activities of your industry and competitors, patent monitoring services help you avert any violation hazards, make wise decisions, and take advantage of new business opportunities.

How does a patent application monitor differ from an ordinary patent monitor? +

To make sure clients are aware of possible impending patents, a patent application monitor actively seeks out and follows newly submitted patent applications. However, a normal patent watcher could include more diversity of patent activity, like being granted patents, patent statuses, and litigation actions.

Are there specific industries that benefit more from patent alerts and monitoring? +

While being abreast of pertinent patent activity is beneficial to all businesses, companies that see rapid technical breakthroughs, like biotech, IT, pharmaceuticals, and electronics, periodically find that patent alerts and monitoring are especially important. Businesses in these sectors can maintain their competitiveness and lower their risk of infringement by using regular updates.

What tools or technologies are utilised to monitor patent legal status? +

Advanced databases, AI-driven algorithms, and particular patent search techniques are used to track the legal status of patents. These tools make sure that tracking patent legal status changes—like when a patent is granted, expires, or runs into opposition or litigation—are accurate.

What is a Patent Alert? +

By doing this, you can continue to learn about the USPTO's application for patent publications before applying for grants that could be relevant to you.