Businesses of all sectors and sizes must understand the risks of not having a proper plan for controlling and managing their intellectual property, according to a senior legal advisor.
Ahead of speaking at a conference in Dundee next week, Louise Pentland, senior vice-president and chief legal officer of Nokia, argues it is a false economy for any company not to take measures to ensure proper legal protection of their IP.
“Companies can flourish and differentiate based on their management of IP. So, big or small, it’s simply not an option to ignore the relevance of IP. For most companies, having an IP portfolio and an active strategy to protect core product ideas and technology is critical.”
Pentland is speaking at the Digital Spark conference, taking place at the University of Abertay, in Dundee, on Wednesday and Thursday.
She added: “IP management often gets overlooked or de-prioritised because it can involve upfront and ongoing costs, but it can be short-sighted not to pay attention to this. IP management is a basic element of risk mitigation today – it is no longer just a nice thing to have. Companies do a lot to protect their pricing and their other confidential information. In today’s business times, IP is no different.”
For further information about Digital Spark – including online registration – click here.