Aligning Patent Strategy with Business Goals — CaseStudy

Client:

Blockchain based logistics company

Challenge:

To ensure backend technology is fully protected and monetized while dealing with an enterprise

Solution:

Intellectual Property (IP) Agreement was drafted to clearly define that the client shall own existing technology while subsequent derivative products and improvements shall be owned by the enterprise.

Parent patent is owned by the client while subsequent child patents claiming improvements are owned by the enterprise, thereby resulting in creation of a valuable patent portfolio to be owned by the JV of both parties in future.

Learnings:

Technology is evolving rapidly and patent collaborations instead of competition are bound to become a go-to strategy for future corporations and startups that are betting on innovative solutions developed using Blockchain, IoT, Artificial Intelligence and Machine Learning.