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This 1 page Document was uploaded by an elite notetaker on Sunday December 20, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 7 views.
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Date Created: 12/20/15
Patent Market The main reason why patents are obtained for an inventions idea is to make money either by selling or buying the product in the market. There are times when some people might need the assistance of a patent attorney, especially if they plan on launching an innovative product onto the market. One must cant be hire any patent lawyer for yourself, you need to have the best patent attorney working for you. For that one must need to be very careful about hiring the most reliable lawyer along with the reliability , the attorney that you hire should have a strong sense of work ethics. Before you make your final decision about who to hire, and before you sign any legal documents, its is essential to have a look into the education and qualifications of the lawyer you are about to hire. You need someone who has a strong educational qualification and who has possibly studied from one of the best law schools.As education shouldn't be the only deciding factor in your choice, you will also look into the experience that the lawyer has.An experienced lawyer is more valuable than someone new in the patent market. In today’s era many firms are trying to capture the largest consumer to secure their market presence in the world. The education levels all over the universe have increased tremendous and today consumers are more aware and take decisions more intelligently. For that to gain market competition, companies are trying to introduce more quality items to satisfy consumers requirement. The development of a new product in any firm is governed by close interaction of different groups in an organization including marketing or research and decision makers. Market research give insights of companies' current product line, their features and possible new areas of business or innovations through consumer polls, market study and many other tools and techniques. The research actually test the feasibility of those new features and ideas. Decision maker implements methodologies and other regulation to introduce it to market. In the whole innovation cycle, everything is based on the information. The information collection and correctly interpretation to convert it into actionable intelligence is key to the success of any organization. Patent Market are wide being used as a source of technology information. Though patents contain technology information, but if closely looked and correctly interpreted, they can provide a lot of information such as: Information of current and trends of a particular product or technology in different countries. This information is very useful in forecasting the possible new growing market over the globe.
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