Yet another good article on IP management, worth reading since its simple and practicle (not the two words you would associate with IP management and spending times with your lawyers…)
The definition of what constitutes a company’s intellectual property is broader than many CEOs realize. Here are some essential things to keep in mind about protecting and making the most of your valuable IP.
Questions to Ask
• Do we have an inventory of patents?
• Which patents are core to our business?
• Are we exploiting them to the greatest possible value?
• Use patents to block competitors.
• File broad patent claims to expand legal protection to other industries.
• License your IP in noncompeting industries.
• Link IP strategy to your technology roadmap.
• Delegate IP protection to your technical and legal teams without fully understanding the issues yourself.
• Attempt to patent every thing in sight. It can cost your company a bundle—with no guarantee of ROI.
• Settle for mere tit-for-tat cross-licensing deals, such as corporate mutual nonaggression pacts.