Key Takeaways:
- TerrifioTM has launched MarkrTM, a new online virtual patent marking tool that automates repetitive tasks required for accurate virtual patent marking and expands public access to patent information.
- Markr allows companies to accurately record and post their patents online, simplifying the process of creating evidence for patent enforcement and litigation.
- By establishing a VPM program with Markr, companies can improve their chances of maximizing litigation damages and pre-litigation leverage against infringers.
Virtual Patent Marking Software Tool, Markrtm, Launched Helping Save Time And Money
TerrifioTM, an IP/legal software service provider, has launched MarkrTM, an innovative online virtual patent marking tool that simplifies the process of creating evidence for patent enforcement and litigation. With Markr, companies can accurately record and post their patents online, streamlining the process of creating and managing virtual patent marking (VPM) evidence. By doing so, Markr can help businesses save time and money while expanding public access to patent information.
What is Virtual Patent Marking?
Virtual patent marking (VPM) is the process of marking a product with a virtual patent notice that associates it with a specific patent. In the past, patent owners had to physically mark each product with a patent number or other identifying information. However, with the advent of virtual patent marking, this process has become much simpler and more efficient. By using a VPM tool like Markr, companies can associate their products with specific patents online, making it easier to track and manage patent infringement.
How Does Markr Work?
Markr automates repetitive tasks required for accurate virtual patent marking, maintains a litigation-ready audit trail, and expands public access to patent information. With Markr, companies can build a database of their pending applications, published applications, and issued patents and link them with associated products. Once a database foundation is initially completed, users download a fully populated VPM Notice Page that is easily posted to a dedicated VPM URL on their website. Users then add the VPM link to online product information and labels on associated products.
Markr’s Benefits
Markr offers many benefits over traditional patent marking, the most obvious being that the patent owner no longer needs to manage the minutia of placing specific patent information on a specific version of products and packaging. Instead, the patent owner can update this information via its online VPM link on demand. This saves considerable time and expense. Additionally, Markr helps businesses establish and maintain credible VPM notice protocols, which can improve their chances of maximizing litigation damages and pre-litigation leverage against infringers.
Grant Peters, partner at Barnes & Thornburg LLP, explains that “there is value in virtual patent marking, but unlocking it requires early, proper, traceable patent marking. Markr presents a compelling proposition to efficiently build a marking baseline, maintain traceable records, and update the information in real time.”
Early Access Programme
Markr is currently offering an early access program that allows companies to test the potential of virtual patent marking for their business at no cost. Once an active VPM program foundation is established, companies have the security of knowing that potential infringers have clear and up-to-date constructive notice.
Pricing
Markr can be used as a standalone platform, and following the initial free early access period, the pricing for Markr will be linked to various usage packages similar to other SaaS pricing models.
About Terrifio
Terrifio offers a suite of tools developed by IP professionals who are passionate about helping IP creators achieve real value from great innovation projects. Their mission is to democratize virtual patent marking by breaking down the barriers to adoption and addressing the risks of self-managed virtual patent marking to become the global leader in virtual patent marking technology.
Conclusion
In conclusion, Terrifio’s MarkrTM system is a valuable addition to any patent attorney’s offering. By automating the repetitive tasks required for accurate virtual patent marking and expanding public access to patent information, Markr can help businesses save time and money while establishing and maintaining credible VPM notice protocols. With its user-friendly interface and efficient database management system, Markr presents a compelling proposition to efficiently build a marking baseline, maintain traceable records, and update the information in real time.
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