What is it?
Patent information is vital to a broad range of professions
from technical developers and researchers to legal advisers and business
strategy managers.
Patent information is the name we give to the technical
information you find in patent documents, plus any legal information about
them.
Why use it?
There are many good reasons for using patent information.
More than anything else, it can help you make informed decisions when choosing
strategies for researching or developing new products.
You can use patent information to:
- Find
out what already exists and build on it
If you are faced with a technical
problem, there is no better way of finding out what solutions already exist
than by looking at patents.
- Keep
track of who’s doing what
The technical details of research
being carried out by your competitors may well appear first in a patent
document, long before the product reaches the marketplace. By monitoring patent
documents you can keep an eye on your business competitors, or even locate potential
partners. You can also use patent information to identify patents that are no
longer in force and can be freely used. Finally, by watching patent
publications, you can spot trends in technology or the market at an early
stage.
- Avoid
infringing other people’s patent rights
Before you put a new product on
the market or offer a new service, you need to make sure that you will not be
infringing someone else’s patent. Patent information will help you here, too.