The term Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect. These could be in the form of Patents, Trademarks, Geographical Indications, Industrial Designs, Layout-Designs (Topographies) of Integrated Circuits, Plant Variety Protection and Copyright.
Intellectual Property Management involves:
Intellectual Property Management involves:
- IP Development
- IP Protection
- IP Exchange
- Market Watch
Legally protected intellectual assets, including intellectual property (IP) are essential for business success. In order to achieve their growth plans, businesses should have strong IP portfolio.
Companies build up their portfolio by applying for more patents. Companies with a strong portfolio are generally in a better position to negotiate.
IP Management tools enable company managers to:
- To reduce redundant R&D activity
- To identify patent infringes more rapidly
- To share technologies more efficiently and effectively
- To market IP to buyers
- To identify technology spin-off opportunities
- To determine economics of IP enforcement
- To evaluate the commercial prospects for early stage R&D
- To streamline IP assets management
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