Blogs

03 Jan

By: admin

New Year’s Resolution – Optimize my IP Department

Forget diets, being better about cleaning the house, or promising to go to the gym more often. As IP professionals embark upon 2024, now is an ideal time to revisit several aspects of your organization’s IP department to ensure it is well run in 2024 and beyond. Trexo Global and Prokurio are pleased to announce our suggested New Year’s resolutions.

1. Do a quick profitability analysis of IP paralegals.

Few IP groups have the time & resources to do an exhaustive financial analysis of their IP paralegals. Instead, we suggest doing a rudimentary review to identify the least profitable tasks; the firm can then dive into those duties in greater detail to understand the true profitability (or lack thereof) and how to make that task more profitable for the firm. For example, consider the following scenario for a law firm: your paralegals cost $50 per hour in salary, they are supposed to bill at $200 per hour, and they spend six hours on an IDS. Ideally, they bill $1,200 for this and cost the firm $300 in salary. However, what if your clients only allow you to bill $250 per IDS? Your costs (without including any attorney time) are $300, which is a direct loss of $50 per IDS and does not account for the possibility that your paralegal could spend those six hours billing elsewhere. If you find yourself in such a situation, look for an alternative for how you’re managing IDSs!

2. Review Fixed Fee Agreements to make sure they are up to date and have been communicated internally

Outside Counsel Guidelines are standard these days, yet it isn’t unusual for a firm to have no idea what’s in their client’s guidelines – or even where they are. Take this New Year opportunity to organize your Outside Counsel Guidelines and ensure your team knows what is expected and allowed. This can save you tens of thousands of dollars in rejected and disputed invoices. Better yet, implement a system to track and manage your guidelines – it will pay for itself quickly.

3. Consider modular technology that solves specific IP problems vs. swapping out large, wholesale, enterprise-wide system changes.

Most IP groups realize they could leverage new technology to operate more efficiently. The challenge is that switching enterprise systems such as an IPMS or DMS – that are heavily integrated with other tools and intertwined in current workflows – is daunting. Therefore, we suggest IP groups instead consider looking at specific tasks within IP and evaluate technology that can solve those problems instead of upsetting the entire apple cart. Examples include Office Action Shell response, PTO document generation, IP cost forecasting, IDS management, and double-docketing.

4. Review and automate IP maintenance vendor and international associate invoice controls.

The days of simply forwarding an annuity provider or international associate’s invoice to a client are coming to an end. IP owners are using invoice control solutions to monitor and manage third-party costs and they expect their Outside Counsel to do the same. Furthermore, fixed fee agreements are beginning to extend to international associates, which forces firms to take a more active role in policing associate charges. Take the new year to evaluate your invoice controls and implement any quick wins you identify.

5. Perform a Health Check of IP administrative processes – whether through hiring a consultancy or networking with IP peers to understand best practices that may be applied to your firm.

Most firms suspect or know parts of their practice are inefficient. Take the time to identify the most impactful tasks if they were streamlined. Firms often turn to their network of peers to understand best practices or attend conferences such as the ALA IP Conference. Others have relied on IP operations experts – such as Trexo Global – who have experience working with hundreds of IP groups for expert advice on improving the entire end-to-end prosecution process or focusing on specific tasks that can be streamlined.

While January could be spent in overcrowded gyms alongside others focusing on their (likely short-lived) 2024 New Year’s Resolutions, Prokurio & Trexo are confident that our list will lead to long-lasting financial & operational efficiencies in your IP department. Happy New Year! To learn more, please email us at info@trexoglobal.com or hello@prokurio.com.

28 Nov
The abolition of EPO ten-day rule: Safeguards and Impact

Effective from 1st November 2023, the EPC Rule 126(2), commonly referred to as “the ten-day rule,” has been abolished.

What was the rule and why the change?

The ten-day rule, Rule 126(2), previously stipulated that documents dispatched by the EPO were considered delivered ten days after the date indicated on the document. This allowed for a grace period of ten days to accommodate delivery time, which was added to the response deadlines for EPO documents.

The rationale behind discontinuing the ten-day rule lies in EPO’s shift towards a fully digital document delivery system. With this transition, the EPO has determined that the ten-day rule is no longer necessary. Consequently, starting 1st November 2023, the date printed on the document will be deemed the date of delivery, eliminating the ten-day grace period.

For EPO communications dated on or after 1st November 2023, the date on the document will be considered the official date of delivery. This change effectively ends the ten-day grace period. As an illustration, a communication dated 13 November with a four-month response period would now have a deadline of 13th March (instead of the previous calculation of 23rd March).

Safeguards in case of delay in delivery of the notification ?

In the event of a delay in the delivery of a notification, Contesting Receipt of Communications from the EPO comes as safeguard to Rule 126(2). If an addressee contests the delivery of a communication from the EPO, the EPO is obligated to prove the communication’s date of delivery. Failure to provide such proof results in the reissuance of the communication with a new date. Any deadlines set by the new communication begin on this new date, while deadlines associated with the undelivered communication are considered not to have commenced.

Simultaneously, Rule 131(2), has been updated as safeguard to Rule 126(2), commonly known “the seven-day rule”. Under this updated rule, if a communication is delivered within seven days of the date marked on it, no adjustments are made, and the response period starts on the noted date. However, if the EPO establishes a delivery delay of more than seven days, the response deadline is extended by the difference between the actual delivery date and the date on the communication, minus seven days.

Impact on Stakeholders

The impact of these changes on applicants, agents, and representatives includes both benefits and disadvantages. The benefits encompass a reduction in complexity regarding response deadlines and the removal of disparities between deadlines set by communications and other actions. On the downside, there is effectively a 10-day reduction in the time available to respond to EPO communications sent via post, potentially impacting shorter response times.

To navigate these changes, stakeholders are advised to ensure timely reporting of communication(s) from European representatives, allowing sufficient time to develop responses within the adjusted deadline. Applicants, agents, and representatives who follow the practice of calendaring the response dates with 10-days grace period should also update their docketing systems to reflect the new calculation for EPO notifications issued from 1st November 2023, onwards.

12 Sep
Trexo Global & PatSnap Whitepaper – Exploring the Revolutionary Potential of 6G Technology

“By 2030, the 6G market is expected to reach a valuation of more than $40 billion. From 2023 to 2030, the projected compound annual growth rate (CAGR) is projected to reach 34.2%, suggesting a meteoric rise.

In this report, we explore what 6G technology is, why it’s essential, and how it’s poised to disrupt the communications industry. Additionally we analyze patent filing trends, geographic distribution, and major players in the 6G race

Trexo Global & PatSnap Whitepaper

    16 Aug
    Blockchain and IP

    Intellectual property (IP) rights, and particularly patents, are often thought of as being associated with the latest and most advanced technologies. It is thus ironic that the registration and management of IP is dependent on the most ancient of information technologies: the document. Whether physical paper or digital, documents and good document management practices are critical to managing IP.
    Documents, however, come with certain inherent challenges: human error, lack of transparency, and intentional fraud. In this blog post, we take a look at how a truly transformational technology, blockchain, can revolutionize the IP industry.

    Blockchain in Time

    In their influential 1991 paper “How to Time-stamp a Digital Paper”, computer scientists Stuart Haber and Wakefiled Scott Harnetta sought to answer what now seems an obvious and logical issue: how to certify when a document was created or last changed. Winning the Discover Award for computer science the following year, the relatively simple model they made became the basis for one of the most revolutionary developments in the world of finance, namely Bitcoin.

    The abstract of their paper noted that the world was witnessing an increasing digitization of all forms of data, such as documents, pictures, videos etc. The challenge was developing a way to time-stamp the data to render it tamper-proof. The method, which later became known as blockchain, focused on decentralization, rendering the process free of a central, overarching control and developing unique algorithms called hash, which act as proof of authenticity.

    Is it Worth ?

    Super Bowl advertisements and their ability to influence buying decisions have been a subject of research for premier institutions. A paper published by Stanford observed that advertising during the Super Bowl helped in fostering positive associations between a brand and viewers. Mc Granaghan et.al (2016) provided an even more valuable insight who documented that both the number of viewers in a room and their attention increased during the commercial breaks. This is not surprising as the ads surrounding the Super Bowl have become an industry in itself, with many reports indicating that over 40% of Super Bowl viewers tune in to the commercials instead of the game. Of course, the emotional bond an ad can create between a consumer and a company influences decision-making more than anything. The real benefit of placing advertisements in the Super Bowl is generating Brand awareness.

    As noted in an article by Nielsen, “After airing, Super Bowl ads typically reap the benefit of social media chatter and people engaging with the advertised brand. Many consumers also seek out ads they missed during the game, further increasing viewership.”

    Understanding Blockchain

    Unlike a traditional database that organizes data in a table, blockchain technology collects data in blocks. Simply put, a block can be seen as the receptacle of information with a finite capacity. Every time new data is entered into a computer system, it is stored in a block. Once the block is complete, it is linked by a chain with the next block, which becomes the destination for the next piece of information until full. The system is unique because each block is given a unique time stamp allowing users to identify the exact time when a particular data set is added to the block.

    Safety

    Blockchain technology, also known as Distributed Ledger Network, utilizes multiple features to ensure the safety of data stored in the system. First and foremost is Distribution. Blockchain ditches reliance on any individual third party to check the veracity of the information and the transactions carried out on the network. The hierarchical system is done away with in favor of a peer-to-peer network which gives multiple users access to the entire network to verify the transactions. Furthermore, a blockchain permits storing the same data set within multiple network nodes at diverse locations. Thus, any hacker or virus attempting to alter the data stored in the blocks can, at best, hope to change it on one network while the other networks remain intact. Further, any attempt to manipulate the data can be thwarted in real-time. All the users on the network can witness the entire process of the data being stored in the blocks in real time; hence efforts to go back to the blocks and alter the content can be collectively challenged.

    Another key feature is the conversion of data into a hash. A hash is a computational algorithm that converts any input, regardless of length, into an encrypted code of fixed length. What makes the hash safe is that a hacker can’t use a hash to decipher the original information where the hash was created, as the hash is one-way, making reverse engineering impossible.

    One of the key benefits of blockchain technology is that it allows multiple parties to access and verify the same information without the need for a central authority. This feature makes blockchain an ideal solution for industries that rely on secure and transparent record-keeping, such as finance and supply chain management.

    Uses of Blockchain

    Since its introduction, blockchain has held out its advantages to various industries looking for an immutable and transparent method to document their work. Its security and transparency can be of particular use in the Intellectual Property (IP) field. It does, however, have its challenges.