IP Strategy

IP Strategy

Walking blindly into the Intellectual Property realm is a recipe for disaster. Let us help you navigate.

Obtaining Intellectual Property rights is an important part of any business as it is your Intellectual Property that drives your business value.

However, blindly applying for whatever IP is in front of you without considering an overall strategy is likely to lead to great cost in pursuing low-value IP while potentially missing out on higher-value IP.

IP Strategy

We can help you develop your IP strategy and integrate it into your business strategy and planning.

An IP strategy is a plan to manage your Intellectual Property to maximise the value it adds to your business. The strategy needs to define how your IP will further your business goals. Your IP strategy will fit into your overall business strategy and should be part of your business plan.

More detail about IP strategy is described in our knowledge base article.

IP Audits

An IP audit is a good first step for established businesses who don't have an active IP strategy or portfolio monitoring.

We can conduct IP Audits to help identify

  • the IP that you have developed, use or have acquired
  • what IP is covered by registered or unregistered IP rights
  • what risks are presented by unregistered IP
  • policies, procedures and systems for developing, monitoring and maintaining your IP
  • IP held be your competitors

More detail on what IP Audits entail can be found in our knowledge base article.

IP Portfolio Management

When you work with us we help you to maintain your IP portfolio and record data relating to your IP in our management database so that information can be retrieved efficiently.

You should also maintain your own IP register to keep track of your IP and its status. This register should be an integral part of your IP strategy and your accounting should list the assets on the IP register.

We can help you setup an IP register and provide advice on some IP-specific accounting principles.