Portfolio Refinement for a cost-effective management of trademarks
SKF is a leading multinational technology company. Most famous for its bearings SKF was founded in Sweden 1907 and is now operating in more than 130 countries. With its headquarters still in Sweden SKF is one of Sweden’s biggest trademark owners, having thousands of registered trademarks globally.
Having a trademark portfolio the size of SKF:s generates a lot of costs for renewals.
We conduct proactive trademark portfolio refinement for SKF, looking into the trademarks that are to be renewed within the next following years. In the latest refinement process we conducted work on the trademarks that were to be renewed during 2014 and 2015, a total of 2750 registrations. Our goal was to streamline the portfolio, and also to make it more cost efficient for the client. But at the same time reassure the scope of protection and value of the portfolio. The most important action we took was mapping national registrations with international registrations, to see which national registration that could lapse but instead designate the corresponding country in the international registration. With SKF being one of Sweden’s biggest trademark owners this is a large task, but also a task that can create major cost reduction benefits for the client. This action led to numerous name changes, recordals of seniority and new designations. At the same time as numerous national trademark registrations were decided not to be renewed. With our staff of highly-skilled and well-educated paralegals, working as part of our client teams with our lawyers, we can perform these types of actions in a cost-efficient way for our clients.
"With our staff of highly-skilled and well-educated paralegals, working as part of our client teams with our lawyers, we can perform these types of actions in a cost-efficient way for our clients."