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Importance of a thorough prior art search before planning a patent application
Conducting a prior art search is an imperative measure that must be performed prior to initiating the filing of a patent application. The fundamental objective is to discern any preexisting information or technology that may impact the patentability of the invention. It is crucial to note that a vast majority of products or innovations lack…
AI and Patents: Can Machines Be Recognized as Inventors?
Introduction With advancements in AI, the U.S. Patent and Trademark Office (USPTO) has seen a rise in patent applications for AI-assisted inventions. AI can help human inventors by gathering data, processing it faster, and evaluating outcomes, but it also raises unique challenges for patenting. Further, advancements in machine learning and AI are challenging traditional IP…
Mastering Trademark Protection: A Guide for Canadian Businesses
What is Trademark? A trademark is a sign or combination of signs used or proposed to be used by a person to distinguish their goods or services from others. Trademarks protect distinctive elements like words, sounds, or designs that identify a company’s goods or services in the marketplace. In Canada: Trademarks can be protected without…
Navigating Canada’s IP Funding Landscape: Empowering Startups for Success
IP strategy: A moat to protect innovations Intellectual Property is “innovation,” serving as the moat for businesses, entrepreneurs, creators, and innovators who bring remarkable ideas to life through groundbreaking research and unique products. Intellectual property is pivotal in unlocking these enterprises’ growth and innovation potential. A robust IP strategy with a comprehensive action plan for…
What is an effective Intellectual Property Strategy?
A well-formed IP strategy provides a structured intellectual property harvesting and monetization plan that is aligned with your business goals and recommends the right IP asset (patents, trademarks, copyright, trade secrets, or industrial designs) based on the nature of your business. Steps in IP management strategy: IP Audit – Identifying intangible assets and intellectual property of the…
Intellectual Property (IP) Roadmap for entry into new markets
If you are thinking about launching a new product or service in an existing market or entering a new market, undertaking rigorous due-diligence in order to reduce business risks is imperative. This will ensure protection of your company’s IP rights and at the same time prevent third-party rights’ infringement. You should perform due diligence including: …