Nowadays most of us are worried about health, safety, environmental and operational risks, however, Intellectual Property (IP)-related issues are highly relevant and pose a direct threat to business health and financial situation if not handled in time or adequately mitigated.
In light of the pandemic situation we are living, most of the companies face revenue losses, and it is crucial to be able to rely on “Plan B” strategies to keep business going and clients satisfied. After protecting the core business by the right IPRs, an additional critical factor is to prevent others from free-riding on one’s innovations. at this point, it is worth noting that IPRs that are not enforceable due to an insufficient protection scope or an accidental early disclosure of invention are typical internal IP risks that often lead to the loss of exclusivity and revenues.
Very often, IP managers suffer from frozen budgets and see their activities being perceived as “not important enough”, however, during crisis times all the IP cases should be studied and valued in order to have a strong strategy for increasing the IP opportunities of your company. Companies need to remember that IP is a valuable intangible asset that becomes even more relevant in challenging times and beyond. Through current world-wide situations, IP managers can make themselves heard by clearly pointing out how important it is to identify and wisely mitigate internal and external IP risks and by demonstrating how their activity impacts and secures future business success, based in the importance and specific weight of the corresponding trademarks, patents and related IP cases. If your company achieves said goal, then, your IP department will be perceived as an important figure that ensures the company’s cash flows during current crisis, and a promising light in the near future which will bring your company to a safer region between uncertainty seas around.
We present to you, “Top 10 Intellectual Property Management Service Companies - 2021.”