Intellectual Property ManagementAnd IPR Audit

Intellectual Property Management
And IPR Audit

































Intellectual Property

In the last 200 years, our society has progressed from the agriculture age to the industrial age to the information age. Today, the majority of a company’s organisational value may be in the form of intangible assets and intellectual property (IP), which now constitute “the primary product of the Information Age.” 1 The globalisation of business, accelerated product life cycles, advancing technology, and growth in mergers and acquisitions has helped to create an environment in which the intellectual property component of today’s business is expanding rapidly. In real sense, intellectual property has become product unto itself, capable of producing revenue streams and competitive advantages for its owners.

Intellectual property refers to those intangible assets that are legally protected in some manner and degree. Leading organisations ar...