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Finding the right provider for intellectual property (IP) services can be challenging for various reasons. However, determining the unique requirements, budget, and potential obstacles that will be faced can be especially difficult if you do not have in-house IP experts. In this blog, we discuss the tasks of a typical IP service provider and the potential benefits of engaging with an external intellectual property specialist, such as Questel.
What are the roles in intellectual property management, and what is the role of an external intellectual property specialist? In this blog, we look at common trademark tasks outsourced to an external intellectual property specialist.
Roles in Intellectual Property Management—and How an External Specialist Can Assist
—Trademark Management Services
One of the advantages of partnering with an external IP service specialist is the ability to more easily manage the many tasks associated with owning a trademark. This can include trademark and designsearch, filing, watch, online brand protection, recordals, renewals,domain name management, and otheradministrative supporttasks.
- Trademark searchinvolves running advanced searches in specialist databases for potential infringements or similar trademarks.Many businesses struggle to manage this task as it can be laborious, especially when dealing with international trademark searches. However, an intellectual property specialist saves time, resources, and money by completing the trademark searching process on your behalf, the findings of which canstrengthen a trademark application and significantly reduce the risk of a trademark being refused.
- Likewise, working with an external specialist cansignificantly reduce internal workloads associated withtrademark watchandonline brand protectionwhile helping to ensure valuable rights are monitored and enforced.
- A service provider can also provide support fortrademark filingprojects by removing the
burden of tasks, such as preparing, executing, notarizing, and
legalizing documentation, which can be overwhelming for any
organization with a small legal team or a high volume of
applications.
—Trademark Management Software
IP management software is crucial to efficient trademark management. Modern IP management systems, such as ourEquinox IP management software, help IP owners save time, improve accuracy, and build operational efficiency, while also providing valuable insights into the portfolio and upcoming deliverables. Fromintegrating trademark search and watch resultsto supportingbrand name creation, the right system should sustain your preferred workflows, bolstering cross-collaboration between different teams or even different organizations.
How to Choose the Best IP Management Software for Your Organization
From speed to launch to ongoing support, download our latest eBook to discover seven key areas to consider when comparing IP management system (IPMS) providers—and six crucial things to remember to ensure you select the best IP management software for your needs.
—IP Renewals
Partnering with an external trademark specialist also helps ensure that trademarks are maintained without burdening a company's resources. For example, requirements fortrademark renewalscan vary for different countries and regions, and an IP provider can assist by preparing and submitting all necessary documentation.
How IP Management Technology is Transforming Trademark Renewals
Renewals may not always be glamorous, but they are mission-critical, with one missed deadline potentially costing millions in lost IP value or irreversible brand damage. Redefine how your organization handles the renewal of trademark, design, and domain name rights by downloading our dedicated eBook.
—IP Recordals
An IP portfolio must also be kept up-to-date. This includes the identification of inconsistencies, such as outdated ownership of an asset, which may need to be rectified with IP recordals. However, undertaking anIP recordalproject to amend trademark records can seem like a complex and overwhelming task. An intellectual property specialist completes the application to record the changes, submits any necessary fees, gathers and submits any required documentation, and ensures that all documents are officially legalized in all the required regions.
10 Reasons to Outsource IP Recordals
From saving time and money to simplifying the overall process for your team, there are many good reasons to outsource IP recordals to a third-party specialist.
The extensive capabilities of an intellectual property services provider can be advantageous to many businesses. They playintegral roles in developing strong IP portfolios while ensuring that an organization is not overwhelmed by the maintenance of a successful portfolio. Even in cases where an organization has an extensive in-house IP management team, engaging with an IP services provider can provide fresh insights to solve complex issues. They can also provide expert support when an in-house team is overwhelmed with other tasks.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
