Rapid digitization of the global economy has transformed our understanding of asset values, highlighting just how vital intellectual property is to corporate success. Protecting this largely intangible asset is an integral part of management’s corporate stewardship and an area where expert professional advice is invaluable. Protecting IP involves some key stages: identifying, cataloguing, and patenting, copyrighting, or trademarking such assets as appropriate.
A regular review of competitor and market activity for potential infringement, as well as an ongoing understanding of how a company’s IP portfolio mirrors its business, provides the dynamic parameters to keep these assets safe. It is important to remember, however, that in today’s global world, securing a patent in one country does not guarantee similar protections in other jurisdictions. Keeping an overview on an essentially global market for talent and ideas is the third part of the process of securing IP.