What An IP Strategy Includes

Intellectual property is used to describe intangible assets. These assets are increasingly making up a significant proportion of a company’s net worth and trade mark lawyers near me. It makes commercial sense to protect and manage these assets and hence Intellectual Property Management enters the picture.



Effectively managing an enterprise’s IP portfolio helps protect that company’s data, decreases risk, and enhances compliance with global legislation. It is not enough to simply obtain formal IP rights. Patents and trademark rights need to be exploited adequately. If an enterprise wishes to obtain maximum value from their IP, it should take effective steps to come up with an IP strategy for their business.

An IP strategy should include the following:

·         A policy on IP Acquisition

·         A policy on IP Exploitation

·          A policy on IP Monitoring

·         A policy on IP Enforcement

Enterprises must consider the optimal protection package and ascertain that all the rights are acquired as early as possible. In case of patents, enterprises must keep in mind that there is considerable investment involved in creating a comprehensive IP Technology Solutions Cupertino portfolio. As a result, enterprises must carefully examine the costs and benefits of patenting and formulate a strategy on patent acquisition which is sensible given their budget.

The following skills are needed for IP Management:

1.     Strategic portfolio management skills

2.     Prosecution skills

3.     Litigation skills

4.     License-negotiation skills

5.     IP valuation skills

6.     Strategic portfolio management skills

Skills in this area involve identifying what the portfolio contains, what it requires and how to grow the portfolio of Palo Alto Patent.

For more details on this, please browse www.tranassoc.com.

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