IP Strategy for Services Companies

Services companies are often faced with the dilemma of how to manage new IP obtained through their contracts while at the same time taking into account the requirements of their clients.

Here’s a 4 step strategy:

1. R&D

Create a dedicated research and development division

2. Recognize

Determine the IP generated during each project

3. Define

Retain IP ownership by defining IPR in client contracts

4. Protect

Protect IP by filing patents and trademarks

#business #management #strategy #consulting #services #innovation

Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.

Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).

Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.