Innovation, Development And The In-House Patent Program

Law360, New York (December 10, 2012, 11:41 AM ET) -- Although many executives and managers accept that it is desirable to develop a patent portfolio, they typically view the effort as a “cost of doing business” that has little, if any, intrinsic value unless it is a direct source of revenue. I have a different opinion, and in this article I hope to explain how a properly managed patent program can provide significant benefits to a business, even in the absence of licensing revenue or other direct monetization efforts.

Firstly, I should define what I mean...
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