|•||Understand the importance of developing a patent strategy, including development, protection, and exploitation|
|•||Establish the goals and objectives of a corporate patent strategy|
|•||Understand the mechanics of a provisional patent application (PPA)|
|•||Understand the mechanics of a Joint Development Agreement (JDA)|
|•||Understand the process of patent searching|
Corporate patent strategy begins with the big picture. Fundamentally, the patent strategy sets the stage for how the patent owner will develop, protect, and exploit patents. More specifically, patent strategy may include the following: protecting the present product line, protecting market share, product line extension, new product opportunities, licensing out, portfolio expansion, and building shareholder value. Patent strategy is the overriding mechanism that helps direct investment, resource allocation, expectations, and policy development within an organization. Strategy helps define the tactical operations intended to maximize patent value.