Competitive Advantage: Exclusive rights are granted through the acquisition of patents, putting companies ahead of competitors and facilitating market dominance. Source of Income: Patents can be monetized through all mobile number list licensing , royalties, or sales, adding to a company's revenue streams.
Asset Enhancement: They add to a company's intangible assets, boosting its valuation and appeal to investors. Dispelling Misconceptions About Patent Annuities A Strategic Decision, Not a Formality: Patent renewals are strategic decisions that should be aligned with broader business goals, rather than purely administrative tasks.