IP management software helps in keeping a record of trademarks, copyrights, patents, and other forms of intellectual property. These programs are used by businesses and law companies to keep track of automated intellectual property ownership paperwork, monitor for potential infractions, and take appropriate action.

Managing designers, artists, inventors, and businesses with patented products or services can be a daunting task, but with the help of intellectual property management software, law firms can keep track of their client's contact information, license agreements, and opposition filings in one convenient location. In order to simplify the entire process of acquiring and litigating intellectual property, this software is frequently integrated with case management tools.

In the list of the top tools, we have mentioned the Top 16 IP Research and Management Tools along with their features and pricing for you to choose from.


1. IPfolio

IPfolio is a team-based method for effective IP management that takes into account the fundamentals of good systemization. The software is designed to improve the productivity of intellectual property (IP) teams in organizations of all sizes. By facilitating communication and collaboration across all of the groups working on a company's product, technology, or service, IPfolio significantly lowers the company's administrative costs and speeds up its internal operations.

Key Features:

Cost:

Contact the sales team for the quote.


2. PATTSY WAVE

The PATTSY WAVE program is a robust docketing tool that enables intellectual property (IP) processes to function more effectively, while also lowering risk and improving accuracy. It is intended for professionals working in the field of intellectual property who are looking for software that can boost their productivity by automating mundane activities and putting information at their fingertips.

Key Features:

Cost:

Contact the sales team for the quote.


3. FoundationIP

FoundationIP is the go-to SaaS IPMS for IP professionals because it delivers immediate value right out of the box. They've designed an innovative platform that has revolutionized the way businesses manage their intellectual property (IP), resulting in significant gains in cost savings, risk reduction, cooperation, and productivity for both law firms and in-house IP departments. FoundationIP may be set up in no time flat. To launch using FoundationIP, you won't need to pay for expensive hardware, software, or technical support personnel. Their expert support staff will take care of any necessary upgrades or maintenance so that you may concentrate on more strategic endeavors.

Key Features:

Cost:

Contact the sales team for the quote.


4. Alt Legal

When it comes to intellectual property docketing, Alt Legal is in a league of its own. Their primary goal is to facilitate the work of trademark experts. The trademark lifecycle is completely automated, which is above what is expected by IP experts using traditional docketing systems.

In order to provide worldwide protection, Alt Legal is linked directly to the USPTO and CIPO, and it also incorporates CompuMark data for additional jurisdictions.

Key Features:

Cost:

Docketed matters upto 50 matters cost $50/month, upto 100 matters cost $100/month, upto 200 matters cost $190/month, and upto 400 matters cost $295/month.


5. AppColl

AppColl Prosecution Manager is cloud-based IP management software that can help a patent firm or corporate IP group boost productivity and decrease expenses and risks. They take pride in the high quality of their software, which is consistently ranked highly for its user-friendliness, efficiency, cost-effectiveness, and availability of technical support. Numerous patent attorneys, patent agents, paralegals, and docketing experts have spoken on what they need from IP management software and where existing solutions fall short. In response, they built an affordable, user-friendly patent and trademark docketing system that uses automation wherever possible to boost productivity and efficiency.

Key Features:

Cost:

Contact the sales team for the quote.


6. DocketTrak

DocketTrak is an IP docket reminder service that operates online. It has all the features you need without breaking the bank, making it ideal for in-house IP counsel or solo IP practitioners. The tool will keep track of your trademarks, contracts, leases, and domain names and remind you of upcoming court dates. It has 'big firm' capabilities like sending automatic emails when docket deadlines are approaching and letting clients view their own dockets.

Key Features:

Cost:

Standard Edition costs $75, Expanded Edition costs $100, Enterprise Edition costs $250.


7. Decipher

You can speed up innovation, get insight into your portfolio, and better leverage your intellectual assets with Decipher. It is an intuitive software system for managing your patents, trademarks, copyrights, and trade secrets. You can invest in first-rate software from the specialists at Innovation Asset Group to manage your company's intellectual property brilliantly, from the moment an idea is conceived until it is commercialized.

Key Features:

Cost:

Contact the sales team for the quote.


8. IP Now

IP Now contains all the necessary components of an IP management system, including files, automatic terms, documents, and form letters. The consolidation of conversation, notifications, and tasks enable a novel method of teamwork and communication. IP Now allows for quick and simple management of all processes in distributed businesses and from the comfort of home. IP Now can be deployed on your private network as either a cloud service or an on-premises software solution. Whether you're a legal firm or a corporation, IP Now will reflect your business procedures in a way that's both accurate and straightforward.

Key Features:

Cost:

Contact the sales team for the quote.


9. Continux

The next generation of IP management software will provide quick and easy access to all the data you need on your IP status. The Continux software makes understanding your IP rights simple. The time it takes to get important information to people who need it should be reduced to zero. Imagine if you could generate reports with the click of a button and use that extra time for the things that are truly important.

Key Features:

Cost:

Contact the sales team for the quote.


10. Equinox

Equinox by Work AnyWare offers cutting-edge IP management software that is both intelligent and robust. It's a young, dynamic organization that provides cutting-edge technologies to IP attorneys all around the world. Equinox is the world's leading Intellectual Property (IP) management software, and it's always evolving to meet the needs of IP teams everywhere. If you're looking for a cutting-edge solution for managing your intellectual property, go no further than Equinox. With their robust workflow automation, you can streamline procedures and cut down on wasted time.

Key Features:

Cost:

Contact the sales team for the quote.


11. Wellspring IP Management

To better manage intellectual property such as patents, trademarks, and copyrights, companies of all sizes can take advantage of Wellspring IP Management, a cloud-based intellectual property management solution. User portfolio information, upcoming events, and ongoing maintenance costs may all be viewed in one convenient location. Automation in report generation, status monitoring, IP submissions, and licensing are just a few of Wellspring IP Management's many strong points.

Key Features:

Cost:

Contact the sales team for the quote.


12. TM Cloud

TM Cloud creates cutting-edge IP docketing and record-keeping software for in-house IP departments of corporations and law firms. There is protection for IP at every stage of the process. Subjects covered include Trademarks, Disputes, Domain Names, Documents, Additional Intellectual Property, and Searches. Users are provided with cutting-edge navigation features that enable them to easily combine their daily tasks, including workflow, searches, and reporting.

Key Features:

Cost:

Contact the sales team for the quote.


13. DIAMS iQ

DIAMS iQ is an all-inclusive intellectual property suite with several features and helpful add-ons, such as a secure online document exchange system, IP analytics, and a specialized R&D platform. Dennemeyer's complete IP portfolio, including the app, works together flawlessly. It also provides digital order placement and file sharing for its patent annuity and trademark renewal services.

Key Features:

Cost:

Contact the sales team for the quote.


14. HeliosComplete

HeliosComplete is the first Software-as-a-Service solution of its type, bringing together cutting-edge technology and personalized support services for patents, designs, and trademarks. Patent, trademark, and design lifecycle management that includes worldwide nation rules, document management, advanced analytics, and PTO integration. 365 Outlook, Sharepoint, and Teams integration; built on the Microsoft® platform; enterprise-class performance.

Key Features:

Cost:

SMB Portfolio costs $1 Per Month/Per Pending Record+$500 per Month Platform Fee, and Global Portfolio costs $2 Per Month/Per Pending Record+$1500 per Month Platform Fee.


15. Symphony

Symphony, the next-generation IPMS, centralizes all aspects of IP administration, such as invention capture, automated docketing and de-docketing, PTO integration, and annuity management, under a single, flexible roof. Some of the most valuable and ground-breaking intellectual property is managed by Symphony.

Key Features:

Cost:

Contact the sales team for the quote.


16. Smart IP

If your legal company deals with intellectual property, you need SMART IP, a cloud-based intellectual property management software. You can use this to better manage your records and maintain open lines of contact with your clients. Intellectual Property Management systems that push the envelope. All of your IP management needs may be met with this one convenient package. The IP address space you have with this tool can be successfully monitored with the help of the tools they provide.

Key Features:

Cost:

Contact the sales team for the quote.


Things to keep in mind while choosing IP Research and Management Tools

Data coverage and accuracy of data

Information about patents, patent sales, patent litigation, and patent-related literature is easily accessible from a variety of sources. Each provider of patent search and analysis software will only have access to a subset of the available data, will only cover a subset of the available jurisdictions, or both.

Correlation and the quality of the data

Several patent data elements are recorded erroneously, and the names of some companies' owners are spelled differently across many papers. More so, daily M&A activity results in shifts that must be recorded. Manual data cleansing and possible insufficient analysis are the results of insufficient or inaccurate data.

Tools for Investigating

The first steps in any investigation should always involve identifying relevant patents. Finding the necessary patents is now faster and more certain than ever thanks to the proliferation of search tools and improvements in existing ones. One of the worst things that might happen is to overlook a relevant patent because your IP analysis tool doesn't allow you to do a certain kind of search.

If you're in the market for IP management software, you should start by making a comprehensive list of all the features and capabilities you'd like your chosen program to have. Tools that go above and beyond the basics should also be included in the vast list of potential solutions.


Conclusion

In this article, we discussed the different IP Research and Management Tools. Hope this has given you a clear idea and how you can choose your desired IP Research and Management Tools.


FAQs

What is Intellectual Property Management Software?

IP management systems (IPMS) aid businesses and legal practices in keeping track of their trademarks, patents, and other forms of intellectual property (IP) protection. Solutions for managing intellectual property serve as docketing systems for intellectual property filings and serve as a central hub for all IP-related duties. Using these technologies, businesses have been able to make the transition from spreadsheets to more involved systems for managing patents, copyrights, and trademarks. When it comes to filing patent applications, building IP workflows, streamlining the process of sheathing an idea in legal protection, and keeping track of all the paperwork associated with the IP, companies and law firms use IP management systems for IP docketing.

What are the features of IP Research and Management Tools?

The following are some of the most important components of IP management software:

What are the benefits of using the IP Research and Management Tool?

Some of the many advantages of IP management software are as follows:

Who is IP Research and Management Tool suitable to use?

Patent attorneys and other intellectual property lawyers utilize IP management software to efficiently organize their clients' patent applications and manage their patent portfolios. Intellectual property (IP) management software is used by creators of new IP to keep tabs on their trademark and patent filings. IP management solutions are used by R&D departments to organize their IP holdings. These services, when combined with patent analytics and research tools, paint a complete view of the current IP landscape.

What are the challenges associated with IP Research and Management Tool?

Better IP management can only be achieved with precise data, which is why such solutions are essential. It's possible that a law firm's or a company's technology stack won't be compatible with the pre-built connectors offered by a particular IPMS. To avoid issues caused by incompatibilities, a prospective buyer should investigate the native integrations inside any potential product. It is crucial for an IPMS to have a reliable data security system in place, especially for new ideas and potential trademarks that are not yet legally protected. Protecting valuable IP requires vigilant management of SaaS solutions, including the reduction and protection of the attackable surface.