NAICS Code 541110-18 - Patent Agents

Marketing Level - NAICS 8-Digit

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NAICS CODE 541110-18
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NAICS Code 541110-18 Description (8-Digit)

Patent Agents are professionals who assist inventors and businesses in obtaining patents for their inventions. They are experts in patent law and regulations and work closely with clients to understand their inventions and determine the best strategy for obtaining a patent. Patent Agents are responsible for conducting patent searches, drafting patent applications, and communicating with patent examiners to ensure that the patent application is approved. They also provide advice on patent infringement and licensing issues.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541110 page

Tools

Tools commonly used in the Patent Agents industry for day-to-day tasks and operations.

  • Patent databases (e.g. USPTO, WIPO)
  • Patent search software (e.g. PatSnap, Innography)
  • Patent drafting software (e.g. PatentWizard, PatentEase)
  • Legal research databases (e.g. LexisNexis, Westlaw)
  • Document management software (e.g. DocuSign, Adobe Sign)
  • Communication tools (e.g. email, video conferencing)
  • Time tracking software (e.g. Toggl, Harvest)
  • Accounting software (e.g. QuickBooks, Xero)
  • Project management software (e.g. Asana, Trello)
  • Intellectual property management software (e.g. Anaqua, IPfolio)

Industry Examples of Patent Agents

Common products and services typical of NAICS Code 541110-18, illustrating the main business activities and contributions to the market.

  • Patent application drafting
  • Patent search and analysis
  • Patent prosecution
  • Patent portfolio management
  • Patent licensing and enforcement
  • Patent litigation support
  • Patentability opinions
  • Freedom-to-operate opinions
  • Infringement analysis
  • Patent strategy consulting

History

A concise historical narrative of NAICS Code 541110-18 covering global milestones and recent developments within the United States.

  • The Patent Agents industry has a long history dating back to the 19th century. The first patent law was enacted in the United States in 1790, and the first patent agent was registered in 1861. In the early days, patent agents were primarily lawyers who specialized in patent law. However, as the industry grew, it became more specialized, and patent agents began to focus solely on patent prosecution. In the 20th century, the industry continued to grow, and patent agents became an essential part of the patent process. In recent years, the industry has seen significant advancements in technology, which have led to changes in the way patents are prosecuted. For example, the use of electronic filing systems has made the process more efficient and streamlined. In the United States, the Patent Agents industry has experienced significant growth in recent years. This growth can be attributed to several factors, including an increase in the number of patents being filed, advancements in technology, and changes in patent law. For example, the America Invents Act, which was signed into law in 2011, introduced significant changes to the patent system, including the transition from a first-to-invent system to a first-inventor-to-file system. This change has led to an increase in the number of patent applications being filed, which has, in turn, driven growth in the Patent Agents industry. Additionally, advancements in technology have made the patent process more complex, which has created a need for specialized patent agents who can navigate the system effectively.