One of the most important things for any startup company to do in its infancy, particularly those in a technological field, is to begin to develop a strong patent portfolio. Engaging an experienced IP attorney early on in the company’s formation can help lead to the propagation of strong patent positioning that can then be used to protect the company from competitors at a later time. A robust patent portfolio also increases the price the company can demand in a sale.
A patent attorney’s main job is to help position and protect his or her client’s intellectual property from all angles. When developing a strategy he should consider both offensive and defensive patent portfolio strategies.
Through invention “mining,” also known as invention “harvesting,” an experienced patent attorney can help a company grow its patent portfolio by continuously identifying and protecting inventions early on in the development cycle. Often startup companies are not even aware that they are sitting on hundreds of patentable and commercially viable ideas.
When selecting a qualified firm, budding CEOs should consider the firm’s experience, capabilities, personality, and cost. To aid potential clients in making the right decision, Cook Alex offers a no obligation 20-minute consultation so potential clients can better understand the process and costs associated with obtaining proper IP protection. This consultation also allows potential clients to get to know the attorneys that will be handling their matters.
Client’s choosing Cook Alex gain a unique advantage in that they are getting the experience and expertise of top-tier attorneys without the costs associated with a large law firm. We like to say “you’re getting the doctors without the hospital.”