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
IP Cost Estimation – for the creation, maintenance, and renewal of IP
Publish IP Assets – available for licensing
Support IP lifecycle
Support legal disputes and enforcement actions
Legal Spend Management
Automated Workflows and Communications
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?
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.
Global IP Estimator combines technology with worldwide coverage of IP fees and timeline projections to allow users to generate instant, accurate, and customizable estimates around patents, trademarks, and other legal information. According to the vendor it is the most widely used…
Global IP Estimator Online is an online version of the same product, Global IP Estimator, which combines technology with worldwide coverage of IP fees and timeline projections to allow users to generate instant, accurate, and customizable estimates around patents, trademarks, and…
MaxVal is a Silicon Valley-based tech-enabled managed solutions provider. Since 2004, MaxVal has been providing expert solutions and services by partnering with IP counsel and their operational teams to improve IP management. Their clients range from startups to Fortune 100 companies…
At MaxVal,we understand the complex challenges you face in developing, managing, protecting and defending your intellectual property assets. Our search and analytics services provide you with a high sense of urgency, cost-competitive, flat-fee pricing, rapid delivery and high capacity.…
FADEL IPM Suite Licensing Edition: a platform for rights & royalty management. The solution helps licensees and licensors across industries such as Gaming, CPG, Life Sciences and Hi-Tech, to manage license deals, flag sales violations, forecast revenues, calculate royalties…
IPM Suite Publishing Edition: a cloud-based solution which the vendor states is being used by some of the world's largest publishers to manage rights and permissioning of content, calculate royalty payments and deliver a robust author portal. The IPM Suite aims to give publishers…
Orbit Intelligence is an IP business intelligence software dedicated to patent research and analysis, from Questel. The platform boasts more than 100000 users and delivers access to a scientific literature database. Its technology helps top management, IP specialists and legal…
Rolling Trademarks is a cloud solution built in the Salesforce Lightning Platform designed to include the necessary tools for managing trademarks life cycle in a simple and intuitive way.The vendor states managing the registration of a national, European or international trademark,…
Frequently Asked Questions
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