No IP Currency Controls? It’s Costing You
It’s somewhat shocking, but we regularly encounter IP owners without IP currency controls in their agreements. For many organizations, getting currency controls in every agreement could be a massive project, so we recommend getting started with patent annuity and trademark renewal agreements and going from there. Why is this important? Our data shows that without […]
Three tips for more useful IP Fee Schedules
Whether you’re a corporate IP team or a law firm, you probably receive a large number of associate IP fee schedules. There’s no standard fee schedule format, so you often don’t have a lot of control over what you get, but there are three things you want to make sure are included in future schedules. […]
Here’s what’s coming for Prokurio clients in March!
It’s hard to believe we’re already halfway through the first quarter! February will be gone before we know it, so we thought we’d give you a preview of what’s coming for Prokurio clients in March. Check out what’s coming! For our IP Forecaster clients: We have several improvements and new features planned for IP Forecaster […]
April EPO Fee Increase Details
There’s a new EPO Fee increase that will be effective on April 1, so we thought we’d take a moment this week to look into the details and help you understand when/if you will be paying more.Let’s dive in! The Big Picture You’ll find that the increases impact several areas of the application, granting, and […]
Currency Preview for Q2 Patent Annuities
Invoices for patent annuities due in the second quarter of 2024 will arrive in one month, so we thought we’d check in with the currency markets* and see how currency costs for international payments compare with last year’s costs. Let’s take a look at some of the most common scenarios! For United States IP owners […]
Top 5 Tips For Spot-Checking Patent Annuity Invoices
It’s hard to imagine, but most IP owners we talk to have little to no review process for their invoices, particularly annuity invoices. Everything gets submitted through the legal e-billing system and then – wait for it – gets paid. Our data shows that organizations with no invoice review process pay more than their peers […]
CONFERENCE SEASON APPROACHES!
The new year always brings a new batch of patent and trademark conferences, and this year is no exception. Travel budgets are incredibly tight, but conferences are one of the most cost and time-efficient ways to stay on top of an ever-changing industry. Here are three of our favorite Q1 events! LegalWeek 2024: Jan 29 […]
Law Firms and Invoice Control: No Longer an Odd Couple
Historically, IP invoice control has been a concern for corporate IP teams but much less so for law firms. Most international associate costs are treated as expenses and forwarded to clients for payment with minimal scrutiny or oversight. While it is still early, we’ve seen a steady change in firms’ attitudes towards their associate invoices […]
New Year – New Outside Counsel Guidelines!
It’s a new year, so you know what that means – it’s time to review your Fee Agreements and Outside Counsel Guidelines! Every year, the focus is on driving down costs, which is important but only part of the story. So, this week, we cover three caution areas you should consider while reviewing your fixed-fee […]
New Year’s Resolution – Time to Optimize Your IP Operations!
Forget diets, being better about cleaning the house, or promising to go to the gym more often. As IP operations teams embark upon 2024, now is an ideal time to revisit several aspects of your organization’s IP department to ensure it is well run in 2024 and beyond. Trexo Global and Prokurio are pleased to […]
