Intellectual Property (IP) is often a company's single most valuable
asset. And yet IP is hard to value, widely misunderstood and frequently
under-exploited.
IP accounts for an estimated 5trn of GDP in the US alone. It covers
patents, trademarks, domain names, copyrights, designs and trade
secrets. Unsurprisingly, companies zealously guard their own ideas and
challenge the IP of others. Damages arising from infringements have
fostered a sizeable claims industry. But IP law is complex, and the
business, financial and legal issues around it are difficult to
navigate. Court decisions and interpretation of IP laws can be
unpredictable, and can dramatically change the fortunes of businesses
that rely on their IP - as demonstrated in the pharmaceutical industry's
battle with generic drugs.
This comprehensive guide to intellectual property will help companies,
investors, and creative thinkers understand the scope and nature of IP
issues, pose the right questions to their advisers and maximize the
value from this crucial intangible asset.