4. Quality over quantity
(Image by Gerd Altmann on Pixabay)
While patent protection is essential, partner Jacob A. Schroeder reminds company executives that quality is better than quantity.
“Of the over 10 million patents issued in the history of the United States, only a small percentage of these have ever been subject of a lawsuit and fewer still have made it all the way to a jury verdict,” Schroeder said. “That’s why measuring the value of your company simply by the number of patents it has obtained makes about as much sense as measuring the value of your company based on the number of people it has employed over the company’s history. Both metrics show that a lot of money had been spent, but … as a patent trial lawyer, I’d take one well-drafted patent over a thousand weak patents any day.”
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