The modern API ecosystem promises that everything should be connected. At IP Street, we take this as a personal challenge and work hard to develop interesting new ways of connecting our patent data and patent analytics API service to the world around us.
Here at IP Street we are proud to showcase innovative companies building useful tools with our patent API. Today, we want to introduce you to Patent Action Forecast, a business and intellectual property analytics company specializing in creating reports to enable small and medium business owners understand their patent dispute situation and make more informed decisions.
With the IP Street API, we can quickly build you analysis tools that cut through terabytes of patent data and return thorough information, all while integrating into your existing systems. Let us automate your currently manual patent work flows.
Here are three examples of the building blocks we offer:
1) Rapid due diligence reports. You send a patent number; we return maintenance fee status, assignment history, existence of litigation, key dates, and encumbrances if they exist. If anything is amiss, it also flags these issues for attorney review. (Our law firm clients in fields such as investment banking, M&A, corporate structuring, wills & estates, litigation, and bankruptcy have all found this valuable).
The world of patent law is highly opaque to most observers. To have authority in this world, not only must one be a member of legal priesthood, one must be a member of the engineering priesthood as well. This high barrier to entry makes it very difficult for clients to make data-driven distinctions between patent law firms. Firms are traditionally selected by reputation or based on relationships and the quality of their work rarely enters the equation. IP Street's Patent Claim Scope algorithm enables users to transcend this word-of-mouth analysis by providing measurable quality metrics for a patent law firm's actual work product, the claim text.