October 2006

Asset Management

Understand the importance and pitfalls of the patent system

Ignorance of the procedures can be dangerous, while knowing a few basics can prove invaluable

Richard, C. R., Attorney-at-Law

A basic understanding of the patent system is essential for people working in practically any industry, whether in management, marketing, sales, engineering, R&D or other positions. This is especially so in industries where many different technologies are used, such as in the hydrocarbon processing industry (HPI). It is truly a situation where what you don't know can really hurt you. Thus, this article aims not merely to inform about the patent system, but also to explain how to protect yourself and the assets for which you have responsibility. This article focuses on the US patent system, but also highlights some important considerations of other countries. Readers are cautioned that, alt

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