Patents vest in the holder the right to prevent others from exploiting an invention for a set period of time in return for a disclosure of how to work the invention. The term of the patent is fairly long - normally 20 years - allowing the patent holder to benefit from the invention and to recover the resources spent in its development before it is left open to competition.
Most innovative companies appreciate the importance of safeguarding their technology by establishing IP rights while at the same time respecting the exclusive rights of others. Patent protection helps gaining and maintaining market shares and adds to the value of a company. Keeping an eye on the activities and strategic market moves of your competitors is only prudent.
Patent databases are invaluable in the context of competitive intelligence. The information that may be accessed through carefully planned searches can be used to uncover the strategies of your competitors and provide inspiration for your own innovative processes.
Patent mapping provides a basis for qualified business decisions and adds an important dimension to the concept of monitoring competitors by generating visual representations of comprehensive amounts of complicated raw data.
Nordic Patent Analyzer provide advanced searches in relation to all aspects of the process of obtaining and defending a patent, from novelty searches for new inventions to validity searches aiming to defend your patent or opposing patent filings by your competitors.
