Managing IP

Managing IP

IP is a valuable asset, and it needs to be managed, like any other valuable asset.

Being intangible, IP is a riskier asset than other types of assets in terms of management.

It is important to:

• identify IP
• undertake an audit of IP, which also serves the function of being an IP registry or inventory
• secure the ownership of IP that is created by employees
• secure the ownership of IP that is created by contractors
• protect the IP by confidentiality agreements