IP management

Management of IP is essential for any business, large or small, but is especially important for businesses which derive a lot of value from the products or services which they create. Part of managing IP is strategic management - the business must have a good idea of what IP it has, what IP it is creating, how best to protect the IP is has created and how best to leverage that IP towards its overall vision.

Another part of managing IP is administrative management - the process of identifying, cataloguing, tracking, obtaining protection for and maintaining the IP that the business has and is developing. This is especially important for registered forms of IP, which often involve deadlines and formalities to obtain and renew. Administrative mana

Finally, part of IP managment is the process of corporate management - writing internal policies, setting goals and codifying practices which allow the business to make full use of the IP that it is generating. This includes making sure that the contracts and agreements which govern the company's relationship with its employees, contractors and service providers are written in such a way to properly manage the creation and ownership of IP.