Businesses and IP law firms manage and protect ideas, patents, copyrights, trademarks, licenses, royalties, brands, and other intellectual property legal rights using intellectual property (IP) management software. It makes it easier to create and carry out IP filings such as patent applications, gaining trademark rights, and litigation.
Utilizing AI to keep up with the rising number of digital IP infringements assists in the identification of violations and infringement cases. Additionally, these technologies assist with contract renewal, disclosure agreements, and IP dispute settlement.
They encourage cooperation between researchers, engineers, scientists, IP teams, business executives, and legal divisions. Parts of intellectual property management software include patent and trademark management programs.
Best Intellectual Property (IP) Management Software includes:
- ANAQUA Corporate
- Quantify IP Portfolio Estimator – Trademarks
- ANAQUA Acclaim IP
- Annuity Payer
- Nexis IP
Features of Intellectual Property (IP) Management Software
The following functions are available in the majority of IP management products:
- Portfolio Management for IP
- Management of patents, trademarks, and copyrights
- Cost estimation for the development, upkeep, and renewal of intellectual property
- IP assets published and offered for licensing
- Disclosure Contracts
- Aid in the IP lifecycle
- Aid in court battles and enforcement efforts
- Database of Cases
- Legal Spend Control
- Automated Communications and Workflows
- Document Control
- Payment processing and billing
- Dashboard / Analytics
Software for managing intellectual property can be used on desktop, mobile, cloud-based, SaaS, and web platforms.
Comparison of Intellectual Property Management Programs
Think about the following factors before buying intellectual property management software:
Does the product support all the intellectual property that your business has? Every nation has its own set of laws governing the creation and protection of IP. Does the product meet your demands for global IP management?
Use Case: Some goods are more useful in supporting particular sectors of the economy. Others are designed for manufacturing and software, while others are focused on sports, fashion, and entertainment. Would that customization be advantageous to your business?
Information on Prices
The majority of merchants demand that prospective customers provide bids for their goods. Some programs start at $50 per month for each user and go up to several hundred dollars per user each month.
The cost of some goods is determined by the size of the patent or trademark database. The cost per record can vary between $.60 and $2.00, with the price per record falling as the number of supported records rises. There are occasionally free trial versions with constrained features.
If you are interested in more articles like this, here’s one about the best document management software for a small law firm.