5 Proactive steps to manage IP

Beyond having a strategy, what should you actually do in order to manage and secure your IP?

The following extract from an article by the US Center for Responsible Trade and Enterprise outlines eight key practices any business should follow to protect their IP.

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(Adapted from the Center for Responsible Enterprise and Trade, 2016)

Activity 3 Developing your IP strategy

Timing: Allow approximately 15 minutes to complete this activity

Do you have a clear strategy to manage your IP? Take a moment to reflect on your business idea – what IP do you have that is worth protecting?

Based on the discussion so far, make some notes on the key aspects of your IP and how you might develop a coherent IP strategy.

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Discussion

Unless you have a clear strategy to manage your IP you risk losing your property. Taking proactive steps early in the development process can save you a huge amount of time, hassle and money later on.

4 Developing an IP strategy

6 Who can help?