It is possible to develop customized renewal frameworks that are tailored to the unique needs and strategic goals of each organization. These frameworks can prioritize patents based on their projected lifespan, licensing or all mobile number list litigation potential, and alignment with the company's long-term strategic objectives, ensuring a dynamic and responsive IP strategy.
Renewal Decision Making: A Strategic Tool for IP Optimization Portfolio Diversification and Risk Management Strategic renewal decisions play a critical role in portfolio diversification and risk management. By selectively renewing patents that cover a range of technologies and markets, companies can mitigate the risk of over-concentration in specific areas, ensuring a balanced and resilient IP portfolio.