A Practical Metric For Annual Patent Filing Targets: Part 1
By Michael Sartori and Matthew Welch (May 20, 2021, 6:52 PM EDT) -- How many patent applications should we file this year? This question is contemplated annually by many intellectual property departments. The answer affects which of the company's goods or services will have patent protection, which future product lines will be patent-covered, how large of a patent moat can be built, and, perhaps most importantly, the valuation of the company.
The number of patent applications filed also affects the patent budget of intellectual property departments, which must balance the competing needs of filing new patent applications, proceeding with prosecution at the U.S. Patent and Trademark Office and worldwide, and maintaining issued patents. A...
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