IAG Blog IP Management Tips for the New Year

It’s well known that the effective management of intellectual property can add a great deal of value to companies in various fields. Although many tend to think of patents and other forms of IP in strictly legal terms, they can themselves be valuable business assets which create both economic and social value for a business and its consumers. But that value is often attractive to malevolent actors who would rather reap the benefits of that value without properly licensing the IP, whether that involves the misuse of a brand logo or a novel technology. A 2013 report on the costs of IP theft pegged the annual amount of American economic value lost due to IP theft at $300 billion.