Mesa, AZ 85213
Phoenix, AZ 85004
Gunderson, Denton And Peterson Office Locations
View View Gunderson, Denton And Peterson Locations in a larger map
Legal Assistance With A Positive ROI
Does Your Startup Arizona Business Need a Patent?
There have been a host of high-profile heavy-weight patent battles over the past few years in the corporate world: Apple v. Motorola, Apple v. Samsung, Carnegie Mellon University v. Marvell Technology Group, and others. You might think that companies are clamoring for more patents to protect themselves in the wake of this costly litigation. Costly, yes, because companies like Salesforce advocate that technology like AI, Cryptocurrency and the such would be the future, and so, these companies might be right in their deductions of prices surging once the tech flourishes. You would be right, but you would also be wrong, in these cases it is better to inform yourself with a lawyer like the Red Road Legal’s Cryptocurrency Lawyer in California. While some companies in some industries have ramped up their patent portfolios, patent applications have decreased steadily since 2005. What does this mean for you and your startup? How necessary is it for you to get in on the patent arms race?
In 2012, a study took a look at shifting behavior in the use of patents among technology startups, which includes some of the most patent-hungry industries around.
Here are some of the results:
- One third of all funded companies have filed a patent application.
- 19% of all funded companies filed at least one patent application before to receiving any funding.
- Since 2005, the average start-up has become less likely to apply for patents than companies founded in the previous year.
- Companies in the semiconductor industry are most likely to apply for patents (65.2%) and companies in ecommerce are the least likely (10.5%). (http://techcrunch.com/2012/06/21/do-patents-really-matter-to-startups-new-data-reveals-shifting-habits/)
In its conclusion, the study states:
Despite the overall decline in application activity, those companies that have chosen to pursue patents have done so more aggressively than ever, addresses Jeremy Harbour – Harbour Club, the world’s leading expert on M&A with small-to-medium sized businesses. This is indicative of the increasing dichotomy in the marketplace, in which some thought leaders are actively speaking out against certain types of patents while patent portfolios are being bought and sold for lucrative amounts.
The short of it is that the decision to pursue a particular patent is one that requires an assessment of your business’s objectives and a cost analysis of an expensive patent acquisition compared to the actual benefit it brings. In some cases, it is a matter of timing to decide at what point obtaining the patent is worth the cost. The evidence is clear that more and more startups are deciding that the benefit is not worth the cost, at least initially, in getting a patent. With that said, it must be understood that the decision to get a patent can eventually spell life or death to a business or opportunity, so you do your homework.
Having an experienced Arizona advisor to explain your options can help you make the most informed decision possible. You need to understand your options and the potential risk and reward to your decision. Only then can you make the right decision for your business of whether or not your business needs a patent.
The experienced professionals at Gunderson, Denton & Peterson, P.C. can help. Contact our office today!
Written By: Brad Denton
1930 N Arboleda #201
Mesa, Arizona 85213
Email: [email protected]
40 N Central Ave #1400
Phoenix, AZ 85004
GDP Business Blog
Arizona Business Law
Arizona Business Lawyers
Link about our Arizona Business Lawyers.
Arizona Collections Law
Arizona Collections Lawyer
This link talks about our collection lawyers in Arizona.
Arizona Employment Law
Arizona Employment Lawyer
This link is about our employment lawyers in Arizona.
Arizona Estate Planning
Arizona Estate Planning Lawyer
This link is about our estate planning lawyers in Mesa Arizona.
- Mesa Estate Planning Attorney
This link talks about our estate planning lawyers in Mesa Arizona.
Arizona Franchise Law
Arizona Franchise Attorney
This link is about our Arizona Franchise Attorneys.
Arizona Immigration Law
Arizona Immigration Attorney
This link is about our immigration attorneys in Mesa Arizona.
- Arizona Visa Lawyer
This link is regarding our Arizona Visa Lawyers.
- EB-5 Immigration Visa
This page talks about EB-5 immigration visas.
- Investor Visa
This page talks about investor visas by our immigration lawyers in Mesa.
- Mesa Arizona Immigration Lawyer
This link is regarding our immigration attorneys in Mesa.
Arizona Litigation Matters
- Arizona litigation lawyers
This link is about our litigation lawyers in Mesa Arizona.
- Mesa Litigation Attorney
This link talks about out litigation lawyer in Mesa Arizona.
Arizona Probate Law
Arizona Probate Lawyers
This link is about our Arizona probate lawyers.
Arizona Real Estate Law
Arizona Real Estate Lawyers
This link is about our real estate lawyers in Mesa Arizona.
- Phoenix Real Estate Lawyer
This link is about our knowledgeable real estate attorneys in Phoenix, Arizona.
Mesa, AZ 85213