Craige Thompson JD, PE, EE

6 Keys You Need So You Can Profit by Patenting Software: Leveraging Your Software Patent for Maximum Business Impact: The Final Frontier (Post 6 of 6)

October 01, 20232 min read

Leveraging Your Software Patent for Maximum Business Impact: The Final Frontier

6 Part Series: 6 Keys You Need So You Can Profit by Patenting Software

This is the last post in the series of 6 posts for decision-makers who are responsible for protecting high value, innovative software. If you missed the beginning of the series, click below so you can access the entire series and not miss any important or actionable insights for your business.

***Click here to jump to the start of this series***

Introduction: The Value of a Patent Is in Its Use

You've navigated the complex waters of the post-Alice era, crafted strong patent claims, and strategically decided what to patent. Now what? In this concluding article of our series, we'll explore how to maximize the value of your software patents for ultimate business impact.

The Patent Is Just the Beginning

Obtaining a patent is not the end of the road; it’s the starting point for a variety of strategic business moves you can make. Your patent is an asset—like any other, it needs to be managed, nurtured, and put to work.

Maximizing Impact: Three Key Strategies

  1. Licensing and Partnerships: Generate revenue by licensing your patented software to others in the industry.

  2. Defensive Stance: Utilize your patent to block competitors from encroaching on your market space.

  3. Portfolio Development: Use your current patent as a foundation for future innovations, building a stronger, more comprehensive intellectual property portfolio.

Understanding Patent Value

The real value of your patent comes from its strategic use in business scenarios. Whether you are looking to merge, acquire, or simply lead in market share, the way you utilize your patent can be a game-changer.

Actionable Business Take-away:

To extract the most value from your patents, consider them as strategic business assets rather than mere legal checkboxes. From licensing to partnerships, your patent can be the key to scaling your business, blocking competition, and setting the stage for future innovations.

Call to Action:

This concludes our series on navigating the post-Alice software patent landscape. Now that you're equipped with actionable insights, it's time to put them to work. Schedule a complimentary patent needs assessment with Thompson Patent Law to get answers tailored to your business needs. Don’t leave your software patent's potential untapped.

Thank you for following along in this transformative journey. Your next step? Contact Thompson Patent Law to fully unlock the potential of your software patents. Your business deserves nothing less than the strongest, most strategic intellectual property portfolio. Book your complimentary assessment today!

Stay ahead of the curve by understanding what truly makes a patent application robust in the modern, post-Alice world. Keep an eye out for the next installment in this eye-opening series.

P.S. If you want to learn even more about the correct ways to protect software with patents in the post-Alice era, check out Craige's Litigation Quality PatentCast here.

Click here to listen to Craige's PatentCast on Protecting Software with Patents

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