Intellectual Property and Assessing its Financial Value

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Intellectual Property and Assessing Its Financial Value

The patent application

Patent protection is very important for the competitive advantage of

companies. Several types of strategies can be followed. It can be offensive

or defensive. The main approaches are presented in Table 2.2.

In advance of filing a regular patent application (mainly in the United

States), an inventor has the option to file a provisional application to

preserve for one year an early filing date. The requirements for filing

a provisional application include a description, drawing figures (if

necessary for understanding the invention), the official filing fee, and

the name and ...