Despite concerns over the value of patents driven by litigation challenges and cost implications, maintaining a strong patent portfolio is vital for enhancing business value. Factors like the use of Inter Partes Reviews and challenges to patent eligibility have contributed to this perception, yet they do not diminish the benefits provided by patents. Companies should focus on the strategic advantages and business value derived from a robust patent strategy rather than the associated challenges and costs of obtaining patents.
Building and maintaining a strong patent portfolio still holds significant value for businesses, despite perceptions that patents have diminished in importance due to litigation challenges.
Concerns regarding the cost and lengthy process of obtaining patents should not distract companies from recognizing the many business advantages that a solid patent portfolio offers.
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