Developing and Managing an Intellectual Property Portfolio
It is important to have a well-organized and focused intellectual property management program in place in order properly develop and enforce a company’s intellectual property rights. Factors that should be considered in developing an intellectual property portfolio management programs include: (1) strategic considerations in developing an IP portfolio; (2) administrative issues associated with managing the IP portfolio; and (3) ongoing IP diligence protecting rights and pursuing others.
Developing an Intellectual Property Portfolio Strategy
Developing a company’s IP portfolio strategy requires four steps: (1) identification of existing IP assets (an IP audit); (2) determining which of those assets are “core” assets (i.e., those assets that have a strategic importance to the company); (3) allocating resources to core and non-core assets as appropriate; and (4) setting up a program to ensure that those assets are periodically reviewed and maintained to ensure that the IP portfolio is...