In recent years, the value of patented properties has become increasingly apparent to companies at every spectrum of the economy. When deployed within a larger strategic framework, patents can provide companies with a key competitive advantage. However, taking advantage of the full value that patent rights can provide requires a concerted effort on all fronts.
Patent monetization is not simply a matter of pursuing legal action against those who may infringe on a patent holder’s rights; indeed, fully realizing a patent’s value can involve a wide range of different actions. The assistance of a trained attorney with experience designing and implementing strategies for the management of intellectual property portfolios can, therefore, be enormously valuable for effective patent monetization. At Bayko, Prebeg, Faucett & Abbott PLLC, we have an extensive background in intellectual property matters, and we can help our clients to fully capitalize on their patent rights.
Strategies for Patent Monetization
Patent monetization can be approached in a number of different ways, but a strategy that employs a multi-front approach is often best suited to maximizing the value that patent rights can provide. At Bayko, Prebeg, Faucett & Abbott PLLC, we have substantial experience helping clients with a variety of different aspects of patent monetization, including:
- Enforcement through litigation
- Individual patent and patent portfolio evaluation
- Licensing and marketing
- Strategic planning for patent protection
- Patent sales and assignments
These and other steps can be taken to ensure that patent holders are able to fully enjoy the fruits of their labors.
Speak with a Patent Monetization Lawyer
If you are interested in pursuing a strategy to fully monetize the value of your patent rights, we can help you explore every available option. Contact the lawyers from Bayko, Prebeg, Faucett & Abbott PLLC, today by calling us at (832) 742-9260 to speak with a member of our professional legal staff about the specifics of your situation.