What are the Key Steps in Managing an IP Portfolio?
Identification: Recognize and document all potential IP assets within the organization. Evaluation: Assess the commercial potential and patentability of identified IP assets. Protection: File for patents, trademarks, or other forms of protection to secure IP rights. Maintenance: Regularly review and renew IP rights to ensure they remain valid and enforceable. Exploitation: Leverage IP assets through licensing, partnerships, or commercialization strategies. Monitoring: Continuously monitor the market and competitors to identify potential infringements or new opportunities.
