The primary task of IP management systems, like docketing software and patent drafting services, is to get done more in less time. They empower and allow intellectual property lawyers, paralegals, technology managers and inventors to work smarter. With IP holding a position of prime importance in today’s market, companies just cannot afford to mismanage their intellectual property assets. So, what are the key features that you must look for when getting an IP docketing management software for your company?
Correspondence with the PTO
In the patenting world, USPTO holds great importance, hence its important that your IP docketing management software is able to connect to data sources to make filing, maintenance and prosecution possible. Due to a digital workflow, your IP is managed properly and seamlessly.
For an IP docketing management software to be the best, it should be able to manage portfolios in different countries, simultaneously. Given the fact that most countries have different filing requirements, due dates and deadlines, depending purely on ad-hoc methods or different spreadsheets could lead to costly mistakes. Missing a filing deadline could cost you a patent, and this is something which no country can afford. The best docketing software will let you create country-specific deadlines so that you never miss any important date.
Enforce a workflow
Creation and enforcement of a proper workflow within a company is the key advantage of an IP docketing management software. International filing and annuity payment tasks can be activated within the system, whereas some other tasks can be triggered automatically so that no important date or action is missed.