It is clear that solutions like Patentcloud’s Patent Search and Quality Insights are utilizing new technology to bring greater transparency to patent licensing, litigation, and even transactions.
Take patent litigation, for example. Now, if you are threatened by a company with a large patent portfolio, it is possible to know — in an instant — exactly what you are up against. With this knowledge, you can decide if you want to fight or if you want to settle, and you also have the information you need to develop the most effective strategy to do so. This is especially true when it comes to negotiating from a position of power and knowledge in hammering out a licensing agreement.
When it comes to patent transactions, you now no longer have to accept buying large amounts of patents or having patents that turn out to be low-value or worthless forced upon you, just because you did not have the tools to check the quality and value of a large number of patents quickly. Now, with Patentcloud, you can check the quality of a large patent portfolio in just one click.
In the end, new technology and platforms like Patentcloud may even end up making the patent industry a bit more fair, since small companies no longer have to fear those with the mighty clout of a large patent portfolio. It can even be said that quality (and not quantity) has now become most important when it comes to patents, patent strategy, and patent portfolio management.
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