There are many reasons to develop a strategic plan for intellectual property assets. Many inventors do not understand that their intellectual property (IP) may be positioned as monetizable assets. IP ownership, descriptions, and plans may also prove critical and consequential in discussions concerning funding, mergers, acquisitions, partnership discussions, and founders break-ups.
IP can be a defensive asset, or used to show a natural bridging potential for new business expansion opportunities. And finally, in a global economy, inventors must be prepared and proactive about potential issues of competition, protectionism, and copycat activities.
We at Riddhi IP work actively with inventors to understand their long-term goals and objectives. We actively advise and plan with them to plan their IP protection plan and help them keep global perspective in view.