FOREIGN PATENT PRACTICE: STRATEGIES AND COSTS

Abstract

Necessity to factor foreign patenting practice is considered within the objectives, set by the country's leaders for achieving technological leadership and for being informed about the risks involved while implementating National technological initiative due to significant amount of acting Russian patents, granted to foreign industrial companies. There are analysed factors for adopting management decisions about foreign patenting practice as a commercial platform, associated with costs and investment, which has to bring returns. There were given recommendations on patenting procedures and a list of possible costs when patenting in different countries. There is given an example of costs for patenting a Russian invention overseas.