How to handle annuities with security and efficiency is always a big and complicated issue for patentees. All patentees are looking for a reliable, precise and efficient manner to handle the large portfolio of their patents. As we know, many of the giant international companies always prefer having an annuity vendor to monitor and manage its worldwide patent rights, which may save them the time and hassle of administration.
However, as the Local Law varies to each other extensively, a competent associate as local agent of the annuity vendor is also very important for the patentee. For the sake of security, the applicant shall designate a reliable local agent in specific important countries while working with the annuity vendor.
The following practical tips shall be given priority in consideration.
