IP Payments

Create a sustainable, competitive advantage around the world

Maximizing the value of your IP assets requires vigilant maintenance of renewals and payments. But this can be a time-consuming and labor-intensive process. Streamline IP management processes to save time, increase the value of your IP portfolio and drive global competitiveness.

Thomson IP Management Services can help you manage your payments to optimize your IP assets. We track each critical step so you never miss a due date or deadline. With quick access to information, you’ll be better prepared to make decisions that drive a successful IP strategy.

Maximize the value of your R&D and marketing investments

To help you realize the greatest possible value from your research and marketing investments, Thomson IP Management Services has designed a payment system, IP Payments, that is highly efficient, highly reliable and nimble enough to meet your organization’s unique requirements. This includes:

  • Flexible instruction process that includes “pay all,” “pay selected” and ad hoc options
  • Customizable reminder and decision schedules (early, quarterly, monthly or ad hoc)
  • Flexible payment terms with discount options
  • Portfolio integrity verification process that identifies missing data and improperly formatted numbers or dates before payment submission
  • Special reports to identify new patents or trademarks due, as well as patents or trademarks earmarked by clients as “undecided” about maintaining

Our IP Payments also offer a robust post-payment monitoring system designed to expedite tracking and reporting. Post-payment services include:
  • Notification of discrepancies between your records and official patent and trademark office records, with special research assistance to correct the data and ensure on-time application of payment
  • Tracking of official certificates and confirmation of payments, with automated electronic follow-up for certificates not received in a timely manner
  • Web-based access to patent payment information

Leverage industry-leading technology and IP expertise

IP Payments is a centralized service running on a sophisticated internally developed software package that is designed exclusively to manage the payment process for patents and trademarks. The software contains built-in controls to reduce the risk of human error.  Further, knowledgeable IP professionals with extensive expertise in payment practices and legal matters for specific jurisdictions are assigned to monitor rules and fees activity in those jurisdictions. With IP Management Services, you can:

  • Rest assured your rights are being handled with the utmost attention and detail
  • Benefit from world-class software that ensures a reliable payment process

Streamline the management of your global IP rights

No service is better equipped to help you streamline your worldwide payment process.  Our IP Payments offering calculates payment due dates using the most comprehensive IP Rules database in the industry, so you can be confident you haven’t missed a law change in any of the more than 400 global jurisdictions we cover. With IP Payments you will:

  • Navigate the nuances associated with ever-changing fee schedules
  • Benefit from attractive rates as a result of our volume purchases
  • Overcome the complexity associated with managing multiple invoices and purchasing multiple currencies
  • Eliminate the need to coordinate activities, including follow-up communications on data discrepancies with local agents around the world

In addition, you’ll be able to solidify third-party revenue streams by consolidating the management of licensed assets. Options include extra auditing, special reports and protection against unintentional abandonment. You can also forecast the cost of maintaining rights in future years, based on current IP Rules and fees.

Focus limited resources on strategy

Vigilant management of your intellectual property portfolio is essential to maximizing the value of your IP assets. Yet, keeping up with renewals and payments can be a time-consuming and labor-intensive process.

Thomson IP Management Services makes patent annuity and trademark renewal payments for thousands of clients throughout the world. We have all the elements in place to manage this complex process so that you don’t have to spend valuable staff time on these administrative duties. Let us make your payments for you, and you will:

  • Be assured of accurate and timely payments
  • Free up your staff time to focus on your primary business
  • Have better information at your fingertips to ensure that your IP strategy is aligned with your business strategy

View PDF Fact Sheet ››

Professional Services

Professional Services from Thomson IP Management Services are resources to help you get the most out of your IP portfolio management. Whether you need additional hands-on training, advice on a particular project or guidance on strategic business concerns, the Professional Services team can help.

For More Information

If you would like more information about Thomson IP Management Services, including solutions for managing your intellectual property assets, Contact us Today ››

Adam

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Free Article on IP Collaboration

Product Manager Adam Kenney discusses the value of well-defined IP processes and collaboration across the IP lifecycle, as published in IAM magazine. 
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