There has been much debate lately about the idea of outsourcing patent applications and renewals to third parties, especially given the sensitivity of much of the data that is being processed.
The vast majority of patent holders will not be aware that attorneys regularly outsource their patent annuities again, to be taken care of by a third party.
Firstly, this means that renewals become more expensive than they need to be because both the attorney and the patent renewal service involved are adding their own mark-up to the basic cost.
Secondly, the attorney is then at the mercy of the organisation that has been tasked with dealing with the renewals.
Yet should anything go wrong in this system and renewals are not made on time, often it’s the attorney who faces the prospect of telling their client that they have late fees to pay.
Instead of outsourcing patent renewals, we are encouraging patent holders to use RenewalsDesk to manage renewals from multiple regions in-house, saving time and money.
Attorneys will also find that our prices are preferential compared with the market as a whole, and gains can be made by taking on more of the renewals process in-house.
In-house means that you stay in control of your renewals and your costs. It doesn’t necessarily mean that more time will be spent on the process because the RenewalsDesk tool does the hard work for you – it gives you renewal reminders and you can set up patents for automatic recurring renewals so that deadlines are not missed.
17th July 2014