Over the years, we have recognized that most organizations face numerous problems in managing their own Intellectual Property, notwithstanding the lack of knowledge on the existence of intellectual property in some cases. IP is a prized strategic and financial asset for every organization.
As with other resources, IP should be judiciously managed and the value be known. With inappropriate management, organizations may be unaware of their IP assets, the value or benefits, or may find themselves in unnecessary risks especially with IP owned by third parties.
