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Posts tagged "Intellectual Property Law; Patent Law; Patent Management; Patent Budgeting; Budget Planning; Financial Management"

Estimating an IP Budget Based on Business Goals

Budget - Blog Picture Capture.PNGEstablishing an IP budget for an enterprise is an important task for decision makers to undertake. In the article, "Rethinking the Annual Patent Application Filing Target," recently published by IPWatchdog (http://www.ipwatchdog.com/2017/04/11/rethinking-the-annual-patent-application-filing-target/id=81911/), Raymond Millien & Stephen Glazier discuss considerations for establishing an IP budget for an enterprise. Typically, the number of patent applications to be filed in the next year is estimated, and the budget is based on the cost of filing the estimated number of applications.