Patent Annuities
Don’t forget to renew your patent rights, or they will lapse
Patent Annuities are fees that a patent owner must pay in order to renew a granted patent. Otherwise, the patent will lapse and you, as the patent owner, will lose your rights before the regular expiration date. The amount and frequency of this renewal fee differ according to national or international law, but often they are due on an annual basis, hence “Annuities”.
In other words, the payment is necessary if you have decided to keep a patent in your portfolio. But it is an administrative task you simply want to be executed in the most efficient way without spending unnecessary efforts or money on it. So why not leave it to an experienced annuity provider like Zacco?
We guarantee reliability combined with competitive costs for annuities services
High security, transparency and cost competitiveness – those are the three main concerns of companies when it comes to annuity handling. For those with a larger patent portfolio that has more complex requirements, our patent annuity experts can assist you throughout the renewals process.
We provide detailed insight into all local and international legislation, procedures and obligations. Our state of the art online platform IPview is designed for the management of IP rights. We offer security, confidentiality and cost effectiveness as well as fully customisable solutions dependent on your needs and portfolio size.
Much of the process can be automated for improved efficiency but you can rest assured because we offer full process liability. Our skilled in-house personnel will approve all changes under the ‘four –eyes’ principle , ensuring errors are caught before they present any problems.
Informed portfolio advice ensures you only pay annuity fees for valuable rights
Our experienced patent attorneys can offer guidance on the relevance of your portfolio, identifying patents that may no longer be suitable or fit for purpose, reducing official renewal fees and management costs in the process. We can also advise on renewals strategy, helping you to identify the most efficient approach to managing your IP requirements.
Through Zacco, you have access to our patent attorneys and paralegals in Denmark, Sweden, Norway, the UK, and Germany as well as an extensive and well-established global network of foreign agents. We offer you a single point of contact and a unique entry point to Europe.
For more information, or if you would like us to present our service and prepare a quote, please contact one of the following people.
Single Point of Contact
Keep track of all costs, registrations, signatories and requirements in one place through a single point of contact who will manage the process internally on your behalf.
International Expertise
Full process liability from experienced experts with detailed knowledge of procedures and requirements across all major territories and most outlying jurisdictions.
Portfolio Advice
In-house team of IP professionals who can assist with portfolio strategy and can advise on patent relevance and suitability, potentially reducing costs if IP rights are no longer fit for purpose.
Full Transparency
We will keep you fully informed throughout the process so you will never lose sight of each stage during the lifecycle of each IP right. Scanned files, correspondence, outside agents, internal communications, all of which ensures that data is kept up to date and parties are often able to access information immediately.
Streamlined Processes
Streamlined and automated processes help to reduce costs and ensure consistency. Fixed or variable costs depending on management requirements. Potential costs and service levels are fully customisable and completely transparent across all stages.
Global Partnerships
We operate internationally, either directly or through a network of trusted agents who have a detailed understanding of the local rules, are regularly vetted and must adhere to a comprehensive quality assurance process.
