With an increase in the number of new products, new technologies, innovations in the market; and the number of patents filed on annual basis continue to increase, the process of analyzing freedom to operate is becoming more complicated to achieve. In most of the cases, it can be dicey to attempt to bring an innovation to the market without first conducting a freedom to operate search. In doing so, the products or any other innovation can be susceptible to infringement suits, potentially resulting in costly legal action process. This can further force the company to withdraw a product from the market altogether.
You should appoint a professional service provider for conducting freedom to operate (FTO) search for you. They will help you detect third-party live patents that may obstruct an invention’s marketable exploitation. This analysis will provide you get insights into the current state of the art so that they can tailor their patent filing strategies accordingly. By discovering conflicting patents early in the development process, you will be able to reduce the risk of launching a product that infringes a third party’s rights.
A professional FTO search will also help in identifying third parties who may need to be approached for a license early in the product and technology progress process. Your service provider will work with you to develop cost-effective searches on the markets of interest to them. By getting this search conducted along with their innovative pipelines, IP and other business strategies, you will be able to help ensure that your investment in research and development is worth when the product reaches the market.
A freedom to operate (FTO) search will help you define your innovation more clearly, identify your competitors and many other aspects of research relating to the invention’s technology.
By :www.iiprd.com
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