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Do patents offer strategic business advantages?

April 26, 2017advantages Business Offer patents strategic

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Do patents offer strategic business advantages?

1 Answer

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10 Posted

Yes. Patents can help in the formation of alliances. Patent owners with complementary inventions can form an exclusive alliance where they cross license each others patents and present a joint offering to the marketplace.Patents can also be powerful marketing tools. By claiming that you have patents in a particular area, you establish your organization as an authority in the field and put the competition on the defensive.