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What is an intellectual property strategy?
An IP strategy is a documented approach to developing, protecting and using intellectual property (IP), and addressing competitor IP, within a business plan.
Intellectual property in one form or another is important to almost every business. Intellectual property comes in many forms and serves to protect aspects of a business which are unique or innovative. Examples of intellectual property rights are patents, trade marks and registered designs.
There are many different strategies which a company can adopt to create and manage intellectual property depending on their stage, size, technical field, commercial goals, the nature of its innovations and the competition which it faces. There is no ‘one size fits all’ approach, and errors can be made by copying common strategies, or the strategies of other businesses, without care.
How can Hindles assist with IP strategy?
Hindles has worked with many successful innovative businesses, sometimes from their very early days, and has a great deal of experience of developing and implementing strategies to help businesses to succeed and grow. We have seen what works and what does not; we are creative and keep an open mind as no two technical or commercial situations are ever the same.
We always think strategically, and we are very proactive. As well as discussing the strategic implications of decisions with our clients as they arise, we can also assist with the preparation of written IP strategies or carry out IP audits where required.
If you would like to discuss IP strategy, please do not hesitate to contact us. Links to some relevant articles can be found below.