Ways in Which Patents can Help Your E-Commerce Business

  • They motivate employees who enjoy challenges and who may benefit from remuneration or other benefits from the company.
  • They help record and develop new ideas.
  • They can increase the valuation of your company in the context of investment, financing, merger and acquisition transactions.
  • They can support an increase in the price of your products by giving your company products exclusive features unavailable to competitors.
  • They can increase sales of your products by giving your company products exclusive features unavailable to competitors.
  • They can be a source of royalties in licensing transactions, thus adding revenues to your company bottom line. Such royalties can be in a lump sum, in installments, based on units of product sold, or based on a percentage of revenues from sales of product.
  • They can permit your company, if it grants licenses to the patent, to expand its markets and/or create a platform, whereby licensees develop and differentiate products based on the patent.
  • They can be used in connection with participation in standards bodies or consortia, where different companies join forces to create interoperability or promote a technology.
  • They can be used defensively in case your company is accused of violating the patent of another company; you can protect your company from litigation and/or trade your patent against the accusing company’s asserted patent.
  • They can help your company develop strategic alliances with other companies who wish to take a license to your company patents and thereby increase their own patent portfolios.