Importance of Patent Due Diligence - Patent Due Diligence Steps: https://lnkd.in/fyBJfXe (i) Determining quality related aspects of patents to evaluate patent enforcement potential (ii) Determining quantity related aspects of patents to ensure that sufficient number of patents exist to cover all the innovative features of the products (iii) Determining freedom-to-operate to ensure that product clearance exists and the products will not infringe upon third party patent rights (iv) Determining the title chain and ownership of patents to ensure that all patents are fully owned by the patent owners without any conflict with the patent inventors, patent consultants, employees and external vendors. This step shall also cover thorough review of employment agreement, product development agreements, vendor agreements, consultant agreements, and the like. (v) Reviewing patent policy and IP policy of the company to ensure streamlined communication between the R&D department, legal department and patent counsels. #business #technology #innovation #strategy #legal