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August 13, 2004
Reasons Why You Need to Patent
An article on Business Wire has several bullets of good reasons why you need to get patents, specifically software patents.
For example:
-- Investors want to know that the company has a unique product that is protected.
-- The market for a good product compatible with Windows or another standard is potentially huge. A big opportunity plus proprietary position excites investors.
-- Very large damage awards in software patent cases show the potential benefits.
-- A patent portfolio is a shield that discourages litigation attacks. A competitor has to think twice before suing if the target could turn around and counter-sue.
-- Software is at the heart of many technologies, from medical devices to automotive engine control. Core software inventions can be licensed in diverse markets, providing a valuable stream of royalties.
-- Software often encapsulates much of the intangible value a company acquires over the years, from its business processes to analytics to quality assurance.
-- Because the industry is more mature, a successful product or technology today is likely to have a longer life and not be obsolete by the time a patent is granted.
-- Patents help level the playing field and give smaller companies a chance.
The full booklet is here.
Posted by krajec at August 13, 2004 10:10 AM
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