Patents

A patent owner has a monopoly on the rights to their invention. If you are granted a patent, you have the right to prevent others from making, using, or selling your invention without being authorized for, if your patent registration is valid.

As a form of intellectual property, patents can be your company’s most valuable business assets. As legal owner, you have the right to license or transfer your patents.

Many people believe that if a patent is granted, you can automatically go to market, commercialize it, and generate profit (money). This might be the case for owners or inventors who decide to license their patent at an early stage of their long journey of research and investment.

Our professional legal consultants can help you better assess the potential of your patent and its worth ahead of any decision taken. We advise on the options available to enforce the terms and conditions to protect your patent in any agreement. We help you bring your idea to the world.

Importance of legal representation

Licensing might be the most profitable route and an important source of revenue for your business, as it significantly reduces your investment, generates more money, and can help you, quickly commercialize your patent. Sometimes after licensing has occurred, an innovation might turn to be a breakthrough. As patent owner, you may then realize that you lost control over your right, and the real value of your innovation has been underestimated. This is very common when it comes to innovations in technology (computer, telephone, apps) as well in health sectors.

As we’ve seen recently with the development of Covid 19 vaccines during the pandemic, the potential for other companies benefiting from the initial research and development costs shouldered by an innovative company is all-too-real. Proper legal representation is important, given the lengthy, expensive, uncertain, and risky research and development process. We help your company identify, safeguard, and take advantage of your intellectual property rights.
You may, as patent owner, decide to keep the technical information of your patent a secret. Coca-Cola has kept its recipe a secret (Trade Secret) all this time which kept their competitors at bay, but never stopped them from trying to infringe on their rights. A patent right is at risk in all type of decisions the owner may take. The highest of all is the decision of technical right transfer for a joint venture agreement. Unethical competition is very possible, as many real-world cases attest.

If you're considering licensing your patent or if you want to better understand the process of navigating through the available options, get in touch. We’re happy to help by providing advice on contractual matters.

Resolving Patent disputes

Before filing your patent application, search if a similar patent already exists to avoid the risk of unintentionally infringing others’ rights.

Legal disputes involving patents are deceptively complex. This complexity is compounded by different courts in different locations treating violations in conflicting ways and inhibiting the release of confidential information needed to prove a violation. Disputes can be a huge burden, since litigation costs are often prohibitively high.

Unfortunately, patents disputes are not uncommon. Generally, they are either between two competitors in a specific market or a third party that intends to monetize a patent portfolio. License agreement disputes are the most common and, in many cases of infringements, are unintentional.

Our intellectual property experts can help you analyze the situation and suggest the best course of action for resolving patent disputes. Even if the infringement is with a competitor on another continent, our global associates’ patent teams can help enforce your rights.

How we can help

At Trustwortha, patent law is a key part of our intellectual property practice. We apply a pragmatic business approach to each client’s patent matters tailored to their business needs. Our specialized lawyers understand the challenges you face, whether your company is a start-up, in the initial stages of development, on the brink of commercialization, or a international global corporations with a patent dispute. Our experts can advise you on patent regulations, life-cycle issues, data protection, patent litigation including patent, settlement negotiations, and patent impeachment actions.

Our Patent Services

Performing a patent search (novelty) and filing patent application.
Reviewing and recommending patent protection strategies for new technologies.
Negotiating, and drafting licenses, assignments, security interests and all kind of agreements for inventions, patents, and designs.
Identifying areas where patent or design protection can be granted or extended.
Consulting and devising strategies to optimize managing a patent portfolio.
Performing audit and evaluating patent portfolios of clients or others.
Carrying out due diligence in all kinds of commercial transactions.
Patent litigation and enforcement of rights.

Local and global assistance

Trustwortha and our associates can help clients in evaluating their inventions and designs, and preparing, filing, and prosecuting patent and design applications in the region and worldwide. Technical assistants and trained patent team working under the supervision of our lawyers and patent agents enable us to provide cost-effective management advice. Our advice includes patentability of inventions, validity of patents, and infringement of patents for technology our clients owned or claimed to be owned by others.

Our experience

We’ve helped individuals, corporations, educational and medical institutions worldwide. Our clients come from a diverse range of industries and work with technologies involving electrical, mechanical, computer systems (software and hardware), building materials, medical devices, consumer products, chemical, biotechnology, and pharmaceuticals.

Our teams have expertise in a variety of scientific and engineering disciplines and other technical areas. This diverse expertise enables us to assemble an appropriate client-specific team to handle each client’s individual patents needs effectively.