Intellectual Property (IP) Management Software
Best Intellectual Property (IP) Management Software include:
Lecorpio, Annuity Payer, LexisNexis IP, ANAQUA Corporate, Quantify IP Portfolio Estimator - Trademarks, ANAQUA Acclaim IP, Methodics IPLM, Rightsline and IPfolio.
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Learn More About Intellectual Property (IP) Management Software
What is Intellectual Property (IP) Management Software?
Intellectual Property (IP) Management software is used by businesses and IP law firms to manage and protect inventions, patents, copyrights, trademarks, licenses, royalties, brands, and other intellectual property legal rights. It facilitates preparing and conducting IP filings such as patent applications, securing the rights to trademarks, and litigation.
It aids in the identification of violations and infringement cases, using AI to keep pace with a growing volume of digital IP infringements. These tools also support contract renewal, disclosure agreements, and the resolution of IP disputes. They foster collaboration amongst scientists, engineers, researchers, IP teams, business executives, and legal departments. Patent Management Software and Trademark Management Software are parts of Intellectual Property Management Software.
Intellectual Property (IP) Management Software Features
Most IP management products will offer the following features:
IP Portfolio Management
Patent, Trademark and Copyright management
Dockets
Deadlines
Tracking
Renewals
IP Cost Estimation – for the creation, maintenance, and renewal of IP
Publish IP Assets – available for licensing
Disclosure Agreements
Support IP lifecycle
Support legal disputes and enforcement actions
Case Database
Legal Spend Management
Automated Workflows and Communications
Document Management
Billing, Payment Processing
Analytics / Dashboard
Intellectual Property Management Software can be implemented through cloud-based/ SaaS/Web, Mobile, or Desktop platforms.
Intellectual Property Management Software Comparison
When purchasing Intellectual Property Management Software consider the following points:
Scope: Does the product support all your company’s various IP assets? Every country has its own set of regulations for establishing and securing IP. Does the product support your IP management needs on a global scale?
Use Case: Some products are better suited to support certain industries. Some are geared toward entertainment, sports, and fashion, others for manufacturing and software. Would your company benefit from that customization?
Pricing Information
Most vendors require interested buyers to request quotes for their products. Some products begin at $50 per month per user, ranging up to a couple of hundred dollars per month per user.
Certain products’ pricing is based upon the size of the patent or trademark database. That pricing can range from $.60 to $2.00 per record with the cost per record decreasing as the number of supported records increases. Free trial versions with limited functionality are sometimes available.
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Frequently Asked Questions
What does Intellectual Property Management Software do?
What are the benefits of using Intellectual Property (IP) Management Software?
The main benefit of using IP management software is that it helps increase the productivity and profitability of the organization. It does this in several ways, including:
- Centralizing IP asset management
- Permitting inventors to securely disclose their ideas
- Identifying and tracking infringement cases
- Facilitating docketing – the maintenance of records for the legal prosecution of assets such as patents, copyrights, and trademarks.
- Publishing your IP that is available for licensing
- Automating IP workflow
What are the best Intellectual Property (IP) Management Software products?
These are some popular intellectual property management software products: