Lawyers give sound advice... how?
IP lawyers often have to write patents without the benefit of a clear market strategy having been identified. This means that there is a risk that the patent might be drafted in such a way as to limit the scope for the invention. Using our range of Market Qualification tools IplusP can work with lawyers and clients to develop a clear understanding of the 'market space' that complements the 'patent space'.
This means that a more powerful position can be gained for the client.
IplusP work with patent lawyers and their clients to develop an early stage business strategy that encompasses the needs of innovators to lock down the IP and Market risks to attract investment. Investors look at an investment proposition in the round and seek to understand all the risk factors before entering into a deal. By aligning and mitigating two of the greatest risk factors (market and patent) at the same time, clients can cost effectively manage their IP portfolio in line with market needs and encourage early stage investor confidence.
