patent-strategy

Vocabulary Word

Definition

A patent strategy means purposefully creating and using a plan involving unique ideas that no one else can legally use.

Examples in Different Contexts

In global markets, 'patent strategy' includes international patent filings to protect inventions across different countries. A global strategy officer might remark, 'Our patent strategy takes into account the varying patent laws in key markets to ensure global protection and competitive advantage.'

Practice Scenarios

Tech

Scenario:

We've invested significant resources into our new technology. It's important that others should not be able to copy our inventions without due credit.

Response:

Agreed, we need to implement a patent strategy to secure our investments in technology from competitors.

Academics

Scenario:

The research conducted in our laboratories is ground-breaking. We should ensure that they're accounted for.

Response:

We should indeed focus on establishing a patent strategy to guard our research findings and methodologies.