June 2006

Asset Management

A primer on obtaining technology patents

Four key benefits can evolve from filing the paperwork

Buskop, W. K . B., The Buskop Law Group

Ownership of unique intellectual property provides one foundational pillar for successfully competing in the hydrocarbon processing industry. Inventions originate from many different departments in a company. Sources for inventions can include engineers, safety teams, maintenance groups, marketing units, executive committees and upper corporate management. Recognizing the inventions within a company, and strategically filing patent applications on a select group of inventions, while promoting the "invention with a pending-patent application," can improve four distinct components of a company: Reputation for innovation Expanded market share Increased revenue stream Enhanced n

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