A patent document is one of the most important pieces of paperwork in any business. At times, they’re the backbone of an entire business structure, allowing a company to produce their idea for a certain amount of time without any interference. These documents are absolutely filled with incredibly useful information, such as engineering concepts and legal language, that can be used to help your business. We’re able to see where a company is putting time and money by what they’re filing, which can be used by executives trying to see into the future of their own business.
That being said, I spend a significant amount of time reading and researching new and interesting developments in multiple industries. I publish around 5% of what I actually read, meaning there are a lot more ideas coming than what you see on this website. The bike industry, for example, is in a high-paced development race, and with the current climate ($) of biking, I don’t see it slowing down anytime soon.
For those companies that want to know what is going on behind the scenes in your respective industry, shoot me an email. I’d be happy to regularly parse through newly released patent filings to figure out what your competition is doing, who you may want to collaborate with, or who to keep an eye out for. These reports are also directed toward your engineering teams, so they can adjust their ideas or spark new ones. You don’t need to be in the biking industry — patent document is fairly standard, and this service can be used in any industry.
In short, I’ll find what your competition/collaborators are doing and send you summaries of their patent filings so you can make more educated business and engineering decisions. Additionally, you can figure out where other companies are spending their time and money, allowing you to adjust your high-level strategies, accordingly.
Freedom to Operate (FTO)
If you’re going through the development process and are wondering what’s already out there, an FTO analysis will help you understand where not to tread or how to develop your ideas without infringing. You’ll be able to understand your competitor’s explicit legal novelties, so you don’t find yourself on the wrong end of an infringement letter. An FTO analysis can be very valuable in the long run. No one wants to go back to the drawing board and spend thousands and on unwanted iterations.