An organized and strict approach to managing intellectual property consumes necessary employee time and attention. Fortunately, docketing software can enable IP counsels, paralegals, inventors, and technology managers to work more effectively, enabling small teams to do more. Companies can’t afford to mismanage their IP assets because it’s essential to remain competitive in today’s market.
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Given the many deadlines, due dates, and filing procedures within various patent jurisdictions, tracking information in spreadsheets and other ad hoc approaches will result in errors. IP docketing software is essential for proactively managing portfolios in numerous countries.
This is crucial when considering the costs of missing a filing deadline or, even worse, losing possession of a patent. Docketing software functions better than any office assistant and never misses a deadline by setting up nation-specific regulations and deadlines.
IP docketing software must be able to link to electronic data sources to facilitate filing, prosecution, and maintenance, given the significance of the USPTO within the patenting community. This is crucial because it allows it to administer intellectual property exclusively digitally.
Online connections also make it possible to retrieve USPTO correspondence automatically. Additionally, users can directly upload files into the system, making it simple for authorized users to access them. This expedites the procedure because users can get all the required information and respond to an office action from one system.
WORKFLOW AND PROCESS
The capacity of docketing software to establish and enforce a workflow inside an office is a real benefit. This is essential because it ensures that the correct procedure and workflow are always followed and that people are held accountable inside the system.
Furthermore, processes enable the provision of the appropriate data to the correct individuals at the proper time, maximizing the system’s utilization of critical IP data. The technology can be used to start processes like international filings, continuation, and annuity payments without any input from the user. Several operations can also be activated automatically to ensure that essential filings are not overlooked.
Need to know more? Check out how IP Docketers can make your IP team successful.