Journal of Harmonized Research in Management

THE ROLE OF PATENT QUALITY IN ENHANCING A FIRM'S STRATEGIC INTELLECTUAL PROPERTY MANAGEMENT SYSTEM

Abstract

Author(s): Dipendra Narayan Roy

 Learning is incomparable. Playing the learning diversion is a twofold edged sword and requires multi dimensional aptitude to draw in foresight with key plan. Customarily, vital choices in the licens ed innovation (IP) setting have essentially been uni-dimensional towards expanding fiscal estimation of the IP portfolios made. Research and writing has focussed on valuation of IP as an intermediary for IP quality. In any case, there is an obvious contrast between IP quality and its valuation. The current procurement of Nortel Networks' IP (principally patent) portfolio by a consortium of firms for US$ 1.5 billion is a live case to have a superior comprehension of how IP is both assessed and esteemed. A move in the approach towards specialized quality serves to first lessen the encompassing commotion of market valuation and relate specifically deeply competency of an innovation firm, which is creating advances. Numerous a period, valuation supersedes legitimacy, prompting mindboggling settlements later into the day. In the valuation course to quality, firms (both licensor and licensee) reliably confront cases that mirror the problem of legitimacy and valuation of the IP produced. In this work, the creators reason the need for firms to accentuate on the specialized nature of their IP (licenses). High specialized nature of its licenses furnishes a firm with various advantages - establishment for the firm to use over longer time, expand on center capabilities to accomplish its key expectation and have lucidity of its commitment by being lawfully substantial and in fact important to be authorized