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Are you taking steps to assure that you will have the freedom to develop and sell the products you’re working on?
Before launching the product or service in the marketplace, it’s crucial to know exactly what you’re looking for. To begin, you must be knowledgeable about your product as well as the market and industry to which it belongs. While market research is essential, but it is also crucial to know whether the product has Freedom to Operate (FTO). Wissen Research can assist you in conducting an FTO search.
Freedom to Operate (FTO) refers to the ability to commercialize your invention in a market without the risk of infringing on a third-party patent.
FTO searches concentrate on patent claims to compare inventions to claims and answer infringement questions.
To find out if your product contains FTO, you must first perform an FTO search. Patent infringement searches, patent clearance searches, and infringement clearance searches are all terms used to describe FTO searches. An FTO Search is used to evaluate the risk of patent infringement associated with a specific product.
Always ensure the following when it comes to FTO:
An organisation can determine how to proceed based on the results of the search – whether to license necessary technologies, modify the idea or approach, or, in some situations, abandon the project altogether. A legal opinion may be sought in various situations, depending on the amount of resources or investment to be committed to a project.
A thorough FTO search can help estimate the risk of patent infringement, identify licensing requirements, and guide product or technology development in the proper direction. FTO analysis can be beneficial to an IP strategy. It enables a business to detect, mitigate, and manage risk while also discovering areas where patent coverage is limited or non-existent, presenting opportunities.