Globalization has created significant opportunities for manufacturing companies in the outsource contract manufacturing sector — across various end-market segments and industries. However, along with these opportunities has surfaced an unwanted risk against one of a company’s most valuable assets – its intellectual property (IP), including patents and trade secrets.
The increase in a company’s IP risk profile warrants placing ever more importance on foreign patent filing IP strategies developed and implemented by companies and, the growing role that business, product marketing, and technical executives must play in developing company IP strategy in conjunction with sound legal counsel.
Foreign patent filing IP strategies have significant implications regarding the scope of patent rights afforded to a company.
Business, marketing, and technical executives don’t necessarily have to understand the minutia of patent prosecution, however, these executives should be intimately involved in strategic decisions regarding which jurisdictions companies should pursue product patent protection.
This decision process should not be ad-hoc. IP strategy and foreign patent filing decisions must be aligned with a company’s business priorities, objectives, and goals.
Foreign patent filing diversity
As an example of how diverse and comprehensive foreign patent filing IP strategies can be, let’s look at jurisdictional patent family members for patents filed — whose primary US Class is 600/300 – for medical surgery, diagnostic testing products. See table below.
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