The companies conduct market research before launching the product to ensure that they have a successful product. Organizations might have distinct reasons of their own to conduct market research. Some of the reasons are below:
- Check if there is any requirement for their product
- Recognize the market to
launch its product
- Know about the competitors
- Build a plan for
marketing
- Come up with the pricing
It is essential to conduct market research, but also it is crucial to find out if your product has the Freedom to Operate (FTO).
Now you might be thinking if this has to be done by obtaining a license from the government professionals. But, this is nothing to do with the license. FTO is relevant to find out if your product or process will infringe the claims of issued or pending patent applications. If it infringes, then you are required to strategize the launch of your product according to it.
Do you know what is FTO or Freedom to Operate
and why you need to consider it?
In simple words, FTO is the freedom to commercialize a process without infringing on the rights of other patents. Commercialization of the infringing products might result in expensive lawsuits. Thus, an FTO search is highly essential to carry out before the product's launch in the market.
How is FTO Search conducted?
It is required to be noted that the rights of patents are territorial. For instance, if anyone has a patent over a particular kind of "laptop" in the US and not in the UK, then one can launch that "laptop" in the UK without the stress of infringing the US patent. Thus, an FTO analysis for any process or product is particular to a territory and considers the patents in the region. So, if you are going to commercialize any product and want to determine whether you have the freedom to operate in the US, related patents in the US are considered.
To seek out, if your product is infringing on the patent rights of others in some country, a search is needed to discover all the related patents in that country. This search will consider the granted patents and patent applications that are not yet granted into consideration.
Now you might ask why to consider the patent forms that are not granted and how your product can infringe such patent forms. Well, to answer this question, a published patent might be granted in the future, and once a patent is granted, they have the complete right to sue some product that has infringed their patent rights.
Why carry out FTO search analysis, and what
advantages can you gain?
The Freedom to Operate search is required to be carried out at an initial stage of the development of the product, such that you do not acquire vast costs of development in the process of developing infringing products which do not come in a legal issue later, as the charges of infringement.
Some of the advantages of FTO are listed below:
- Reduces the risk of getting sued
by other companies for having infringed upon their patent rights.
- The FTO search
can dig out the patents deeper, which have been expired. Additionally,
there might be several useful technologies that can be utilized from these
expired patents.
- Get a list of patents that are related to your technology or products and help you build strategies like:
o You are purchasing the patents related to your product to get
the FTO rights in that region.
o It is getting a license from the patent holder for a particular
time by working out a payment option. This will provide you with the complete
right to operate without infringing on the other patent rights.
o If you have a patent of your own, you can cross-licensing the
patents to get the benefits.
o Redesigning your product/service in a way such that it does not
infringe upon other patents rights
o Invalidate and try the patents in question such that you can gain FTO in the desired region.
Conclusion
At last, Freedom to Operate search is an essential step that every technology organization must take before launching their product in the market, such as avoiding costly lawsuits and getting the knowledge about strategies they can adopt to get FTO in the concerned territory.
Are you a technology company? Want to launch your product in the
market? Then, get FTO analysis done by the Ingenious e-Brain experts. We can
provide you with a complete search and help you adopt better strategies.
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