Extract from Dave Ruel’s article “Six Ways to Protect Your Company’s IP”
If another company claims that it was the first to invent a piece of your intellectual property (IP), would you be ready to respond with the design notes, sketches, and troubleshooting discussions your team generated during development? With remote workforces using dozens of SaaS applications to design new products and develop new ideas, proving ownership of IP can be a harder task than many companies expect.
In the other blogs, we’ve
- reviewed what IP is and why it’s critical to business success and
- explained where modern IP data can be found and why it’s so hard to extract and use.
In today’s post, we’re identifying six ways companies can prepare for the challenge of proving their ownership of IP. Last but not least, we’ll also explain how Hanzo can help.
How Can Companies Protect the Data That Establishes Their IP?
As we’ve mentioned before, a company’s value, reputation, and success are directly tied to its intellectual property, and therefore, it is critically important to safeguard that IP. However, IP data is becoming increasingly dispersed and, therefore, more challenging to protect. Here are a few things to keep in mind to develop business practices that prioritize safeguarding your intellectual property so that you can spend more time innovating and less time litigating.