Strategies for Cutting Down Your External Legal Costs
In the fast-paced world of business, staying on top of patent applications can be a daunting task. That's where the TIP Tool from Triangle IP comes in, offering a game-changing solution for managing patent cases. This intuitive, web-based portal is designed to put control back into the hands of businesses, streamlining patent prosecution management and reducing outside legal service fees.
The TIP Tool serves as a centralized, cloud-based platform, providing a clear overview and control over patent cases. It lists all cases, offering detailed information when a case is clicked. This comprehensive case dashboard reduces the need to contact outside lawyers for routine status updates, saving both time and money.
One of the key features of the TIP Tool is document and data centralization. All correspondence, office actions, submissions, and patent statuses are stored in one system, making it easy to search for and access the information you need. This eliminates delays in information gathering and ensures that all internal teams have the latest patent case information at their fingertips.
Collaboration is another strength of the TIP Tool. It allows internal teams to instantly view the latest patent case information, supporting faster decision-making without bottlenecks involving external inputs. This feature also promotes better internal collaboration, as teams can customize the information the TIP Tool provides by tagging applications with ideas, products, or technologies.
The TIP Tool is not only about saving money; it's also about empowering businesses to take control of their patent information. The "Portfolio Manager" tab allows companies to do just that, taking control of their patent information and making strategic decisions based on the progress of their cases.
Until recently, patent information was siloed between the Patent Office and patent law firms, often resulting in costly updates and complex docketing systems that may require interpretation for small to medium-sized enterprises. The TIP Tool breaks down these information silos, making patent information transparent for strategic decision-making.
Moreover, the TIP Tool offers actionable intelligence about patent cases without requiring payment for answers. It also allows for quick identification of a subset of patent applications based on tags and their statuses, further enhancing its efficiency.
Inventors only get access to the information they need in the TIP Tool, such as the applications where they are included. This ensures that they have the necessary information to track the progress of their applications without needing to rely on outside legal firms for routine updates.
In conclusion, the TIP Tool from Triangle IP is revolutionizing the way businesses manage their patent cases. By providing a user-friendly interface, centralized document and data storage, collaborative access, and cost efficiency, the TIP Tool is empowering companies to take control of their patent portfolios, reduce legal costs, and make strategic decisions based on transparent patent information.
- The TIP Tool's intuitive, web-based portal serves as a centralized solution for streamlining patent prosecution management and reducing outside legal service fees.
- It offers a clear overview of patent cases, listing all cases with detailed information when clicked, thus reducing the need for routine status updates.
- The TIP Tool features document and data centralization, storing all correspondence, office actions, submissions, and patent statuses in one system for easy access.
- Collaboration within businesses is enhanced by the TIP Tool, as internal teams can instantaneously view patent case information, promoting faster decision-making.
- The "Portfolio Manager" tab in the TIP Tool enables companies to take control of their patent information and make strategic decisions based on the progress of their cases.
- The TIP Tool breaks down patent information silos between the Patent Office and patent law firms, offering transparency for strategic decision-making.
- In addition to cost savings, the TIP Tool provides actionable intelligence about patent cases without requiring payment for answers and allows quick identification of patent applications based on tags and their statuses.
