Downturn may prompt increase in provisional patent applications
Patent applications are expensive, as are company lawyers and the outside legal counsel that file the patents. In a downturn, you can expect that companies will shave back on patent filings and even cut budgets for legal support.
That’s shortsighted, since patent protection is useful in our litigious society. For start-ups, filing for patents may be a luxury when the issue at hand is survival. But there is a way around the problem: the provisional patent… Continue Reading