What is the ideal weight for your IP portfolio?
Most people are reluctant to prune their portfolio for several reasons.
Yesterday I read about a person who lost 12 stone in 8 months by changing diet, (drastically reduced carbs) this followed 3 years losing 2.5 stone following a physician prescribed diet to try and qualify for a gastric band. However, if you are like me it has been weight gain not weight loss during lockdown.
Anyway to the IP portfolio: most people are reluctant to prune the portfolio for several reasons:
When Microsoft did a portfolio review recently they also evaluated their external providers by doing a pendency analysis (comparing time taken to file/ average number of actions etc) they dropped 20 IP law firms and the review of portfolios led to $5.8m saved from the renewal bill and a 50% reduction in the time taken to file !
There may even be sales, licensing, partnership or other BD opportunities available from your IP.
The questions to ask about your IP portfolio:
We have been doing these reviews since 2007 for some of the world’s leading companies.
No one would recommend drastic and sudden weight loss but I think we could agree on safely losing a few pounds during this lockdown.
If you would like to discuss further please get in touch: email@example.com
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Author: John Pryor Exalt IP