Patent prosecution costs are at the very top of every TTO’s expense list – and that means your office has a big opportunity to reduce costs and make a major budget impact.
Ask any CFO who wants to reduce costs significantly where to look first for savings, and you’ll always get the same common-sense answer: Start with the biggest line items. For university TTOs, patent costs and related legal expenses are right at the top of the list.
In today’s tight financial climate, you might be tempted to simply reduce the number of patent applications your office files. But for TTOs that haven’t put the many components of patent-related expenses under the microscope and developed strategies to streamline, you may be amazed by the huge savings you can realize without cutting the quantity of applications or the quality of prosecution.
Well, prepare to be amazed. Technology Transfer Tactics has a distance learning program filled with specific, detailed strategies that promise to save your TTO significant dollars – many, many times the modest program fee.
How University TTOs Can Slash Patent Expenses
While Improving Patent Quality
You will not get abstract concepts and theoretical improvements when you attend this practical, how-to, nuts-and-bolts program. You’ll learn real-world lessons directly from the hard-fought cost reductions won by Hamid R. Piroozi, JD, an experienced patent attorney who now serves as the associate director in charge of legal affairs for Purdue’s Office of Technology Commercialization.
Here is a sneak peek at the program agenda:
- Proven methods for saving time and money during prior art searches
- How streamlining the disclosure process translates into dollars
- Using the fast-track process to maximize your licensing revenue
- How to be a good steward of your institute’s resources by:
- Using detailed engagement letters to reduce costs for each major project
- Creating a legal fee guideline for specific legal services
- Leveraging invoice review to reconcile internal records and work product deliverables
- Creating an internal management system of payments for maintenance and annuities
- Establishing an infrastructure for in-house legal practice
- Best practices for utilizing the Common Customer Number with the PTO
- Strategies for timely, efficient response to office actions
- How to ensure compatibility with commercial embodiments through claim review
Your Expert Presenter:
Hamid Piroozi, JD, is Associate Director, Legal, in the Purdue Office of Technology Commercialization. Mr. Piroozi is responsible for all aspects of intellectual property management including evaluating technology-based innovations for appropriate intellectual property protection, drafting and filing patent applications, and communicating with the U.S. Patent and Trademark Office. He also provides educational and outreach opportunities to the Purdue community on various topics related to the Office of Technology Commercialization and is charged with improving legal-related processes for the office. He has over five years of experience as a patent attorney both in general practice law firm and intellectual property boutique environments.