IP FINANCIAL FRIDAY
25 NOVEMBER, 2022
HAPPY HOLIDAYS!
Things are a bit slower than normal in the United States as everyone eats too much turkey and pumpkin pie.
This is just the calm before the storm as the IP world rushes to finalize filings and office action responses before year-end holidays and vacations.
Don’t forget that PTOs also have holidays – below are holiday closures for the major PTOs:
EPO – Closed Dec. 26-30
WIPO – Closed Dec. 26, Dec. 30 and Jan. 2
USPTO – Closed Dec. 26 and Jan. 2
ARE YOU READY FOR 2023?
Everyone knows that 2023 is going to be tight. IP budgets are flat or declining. New headcount is off limits.
With so much year-end activity going on, it can be difficult to find the time or even know where to look for savings.
To help you get started, we’ve gathered the top 5 programs we see organizations implementing to free up room in tight budgets.
Throughout December, we’ll cover each topic in detail, helping you make sure you get the most from your 2023 IP spend.
TOP 5 COST SAVING PROGRAMS
Update outside counsel guidelines and fee arrangements
Increase the use of outsourced administrative services
Renegotiate annuity agreements with transparency requirements
Implement invoice analysis and compliance monitoring programs
Formalize vendor management and review programs
FEE UPDATES
Hague Designs – Effective December 1:
The fee for designating Japan in an international application is reduced to 507 Swiss francs per design (from 603).
The fee when renewing an international registration that designates Japan is reduced to 574 Swiss francs per design (from 683).
Disclaimer
THIS POST IS STRICTLY INFORMATIONAL AND IS NOT INTENDED TO BE, AND SHOULD NOT BE RELIED UPON AS LEGAL ADVICE. PLEASE CONSULT A QUALIFIED, VERY SERIOUS ATTORNEY FOR SPECIFIC ADVICE REGARDING ANY INTELLECTUAL PROPERTY MATTERS.
