IP Asset Acquisition Workflow Automation
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Solution Overview
Problem
The process of finding, acquiring, and maintaining intellectual property assets such as patents and patent applications is complex, involving valuation challenges, uncovering and resolving issues during creation or prosecution, and coordinating multiple parties, which complicates the acquisition and maintenance process.
Innovation Solution
A workflow automation facility is developed to streamline the process into stages like Prospecting, Qualification, Valuation, Negotiation, Diligence, Intake, Contracts, and Closing, with role-based access and automated search functions to manage tasks and assets, enabling coordinated actions among parties.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If manual processes are used for finding, acquiring, and maintaining intellectual property assets, then flexibility and customization are maintained, but the process becomes complex and inefficient involving multiple parties and coordination challenges
Solution Approach 1:
The patent segments the complex IP asset management process into distinct workflow stages (prospecting, qualification, valuation, negotiation, diligence, intake, contracts, closing). Each stage contains specific tasks that can be independently managed and tracked, reducing overall process complexity while maintaining comprehensive control over the acquisition and maintenance of intellectual property assets.
Solution Approach 2:
The system provides a universal platform that handles multiple functions including workflow automation, task management, document storage, communication coordination, and valuation tracking across all stages of IP asset acquisition and maintenance. This multi-functional approach consolidates previously separate manual processes into a single integrated system.
2Measurement precision
If comprehensive valuation analysis is performed on intellectual property assets, then valuation accuracy improves, but the time and resources required increase
Solution Approach 1:
The system performs preliminary valuation analysis during the prospecting and qualification stages, preparing valuation data and assessments before formal negotiation begins. This preliminary action allows more time for comprehensive analysis while distributing the valuation process across multiple early stages, reducing the time pressure on final decision-making.
Solution Approach 2:
The system implements feedback loops where valuation results from preliminary analysis inform subsequent due diligence activities, and new information discovered during diligence feeds back into valuation adjustments. This iterative feedback process improves valuation accuracy progressively without requiring all analysis to be completed simultaneously, optimizing the use of time and resources.
Data Source
AI summary
A facility for the finding, acquisition, and maintenance of intellectual property assets is described. The facility receives an indication of potentially acquirable intellectual property assets. The facility qualifies the potentially acquirable intellectual property assets using pre-determined qualification criteria. The facility receives an indication of the value of the potentially acquirable intellectual property assets. The facility provides information regarding the potentially acquirable intellectual property assets to a user for use in negotiating the acquisition of one or more of the potentially acquirable intellectual property assets.