Part 4 - Acquisition of patent portfolios - Check your annuities
Monitoring annuities is a tedious task. At the same time you have the chance to check which patents need to stay alive or not. Different payment dates and costs apply in different countries and regions, so real attention is required. In Europe, annuities are paid before a patent is granted. If final payment deadlines are missed your patent will go abandoned. Most corporations with large IP portfolios outsource annuity payments to safeguard the annuities are properly monitored. However, when acquiring a large patent portfolio, you have to investigate whether these rights to be acquired are properly handled, specifically during the transit period when you are integrating and updating the administration. You would not want your rights to go abandoned before the transaction is finalized.
Should you require assistance, please contact me at Patricia.firstname.lastname@example.org.
Patricia Rutten / Manager IP Portfolio AIPEX