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In a typical setup, most law firms outsource renewals to renewal providers, adding middleman costs. Even when working directly with a provider, a low service fee often hides markups in other categories, making total costs higher.
In an optimized setup, IP renewals are handled directly by the renewal provider with full transparency on all renewal-related fees.
In a typical setup, law firms and renewal providers add extra charges for transaction costs and currency fluctuations. Instead of simply covering their risk, they build in a buffer, charging more than necessary through inflated currency markups.
In an optimized setup, you always see the exchange rates used by your IP renewal provider clearly listed on your invoices.
In a typical setup, law firms and renewal providers rely on local agents, adding extra layers of cost. In many jurisdictions this isn’t legally required, yet agents are still used out of convenience, resulting in a higher total renewal price.
In an optimized setup, local agents are involved only when legally required, and selected for their efficiency and fair pricing.