An organized and strict approach to managing intellectual property consumes important 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 taking into account the costs associated with 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 in order to facilitate filing, prosecution, and maintenance, given the significance of the USPTO within the patenting community. This is crucial because it makes it possible to administer intellectual property exclusively digitally.
Online connections also make it possible to automatically retrieve USPTO correspondence. Additionally, users have the option of directly uploading files into the system, making it simple for authorized users to access them. This expedites the procedure because users can get all the information they require 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 fundamental benefit. This is essential because it makes sure that the right 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 appropriate individuals at the appropriate 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. In order to make sure that important filings are not overlooked, several operations can also be started automatically.
Need to know more? Check out how IP Docketers can make your IP team successful.