Patent Filings

It is not a surprise that patent filings are down while the economy is slowing. That is to be expected to a certain degree and coincides with previous experience. However, times of economic difficulty also present a great opportunity to companies that can adapt, and that adaptation is what fuels development of intellectual property. This is actually a great time to be filing a patent application, or trying to protect any other intellectual property, because the company that innovates now will get through the difficult times better, and be better positioned when the economy turns upward.