3 Tips for IP Teams to End 2023 Strongly

Tips for IP Teams

Let the insanity begin! First-quarter annuity invoices are about to arrive; everyone is rushing to finalize filings and get those office action responses in before the year-end holidays and vacations, and budgets still need to be finalized. This week, we’re slowing things down and giving you our top 3 tips for IP Teams to end the year strong (and sane).

Let’s dig in!

#1 – Have the PTO holiday schedule on your calendar

Tips for IP Teams

Make sure you don’t run out of time at the end of the year and miss crucial deadlines due to holiday closures at the PTO. This is especially important for anyone trying to beat a fee increase (see tip #2). To help out, we’ve compiled the holiday schedules for several of the major PTOs

USPTO – Closed December 25th and January 1st

EPO – All offices closed December 25th through the 29th, Vienna closed December 8th, all offices closed January 1st

WIPO – December 25th, December 29th, January 1st

Canada Intellectual Property Office – Closed December 25, December 26, January 1st

Check this for a pretty good list of PTO Closures.

#2 – Get ahead of January 1 fee increases

There are quite a few fee increases coming on January 1. One of the most impactful increases is happening in Canada at the start of the year. There can be meaningful savings if you file your applications or make annuity payments (for payments due in the next six months) in December. We publish fee updates every Tuesday, subscribe to our updates to ensure you know what to expect. Don’t miss out on savings because you didn’t know a fee was being increased!

#3 – Revisit those Outside Counsel and Billing Guidelines

You have outside Counsel Guidelines, right? If not, get them in place! If you are like most organizations, you probably put them in place several years ago, and they are stored in some dark region of your document management system. This is a great time to revisit them and ensure they do their job. Do they cover FX exchange rates? What about standardized billing codes and service descriptions? We both know the answer…. You don’t need to overhaul everything; find one or two pain points and focus on them.

Wrap Up

Nobody has time to take on anything new at the end of the year, but with a little planning, you can limit the surprises and start 2024 strong. As an added bonus, small improvements in your Outside Counsel Guidelines can save you hundreds of hours of wasted time and thousands of Euros/Dollars in 2024.

Want To Check Your Annuity Invoice Currency Costs?

Want more of this kind of stuff? Take A Look Here!

Design Fee Updates

March 1 Cost Decrease Coming For Hong Kong Designs

Hong Kong has announced a decrease in design fees to “promote the further development of intellectual property trading,” contingent upon the completion of the proper ...
Read More →
Design Fee Updates

Russia, EP, and OAPI Hague Design fee updates coming

Russia, EP, and OAPI Hague Design Fee Updates Coming Hague Design fees don’t change very often, but this week, we received notification of updates coming ...
Read More →
IP Currency Costs
Design Fee Updates

IP Currency Costs: More Than a Maintenance Issue

Over the past several years, we’ve seen a significant focus on improving currency cost controls for patent annuities and trademark renewals but comparatively less on ...
Read More →

More To Explore

Where do you want to go?

Use this button if you’re testing or conducting a pilot of any Prokurio tools. 

Bookmark https://staging.prokurio.com to bypass this page in the future

Use this button if you’ve completed onboarding and gone into production. 

Bookmark https://app.prokurio.com to bypass this page in the future

Not sure? Try Pilot/Test First

Prokurio Logo

We've Got a Lot To Share!

Sign up for quick IP-focused updates every Friday.
Prokurio Logo

We need a little info...

Give us some contact info and we’ll email you the program details. No SPAM, no hassles. 
Prokurio Logo

You're All Set!

You should receive a confirmation shortly.
Check your SPAM folder if you don’t see an email.

Let's Do It!

Give us your email if you’d like to try out IP Forecaster. We’ll shoot you a confirmation email and get you setup quickly – check your SPAM folder if you don’t see an email within 10 minutes.

There’s no cost or long-term obligation.