Risk management is all about identifying risks connected to intellectual property assets and, having identified them, prioritizing them to determine what resources that need to be allocated to manage them.
A concern for every businessWhether or not you have an IP portfolio, IP risk management is relevant to you since you are at all times exposed to the risk of IP rights infringement – be it that you infringe the rights of others or that your rights as an IP rights holder are infringed. IP infringement, whether you are infringing or being infringed, are high-risk matters, which can have significant consequences for your business strategy, finances and reputation. As it is, the probability of risk should always be balanced by the resources that are spent trying to eliminate them – sometimes a risk is acceptable to take, sometimes it is not. An IP risk analysis can suggest which measures to implement to mitigate any detected IP risks. For patents, risk management can include Freedom To Operate analyses, FTO, to evaluate the relevance of patents and other disclosures found in a search and determine whether they can have any impact on your own commercial activities. Need assistance analyzing and managing risks? At Zacco, we apply a 360° perspective and complement our conventional IP-protection services with e.g. Digital IP and Cyber Security services – meaning that you get far more than the average IP perspective on matters. With Zacco as your trusted and safe partner, you get a unique combination of legal, technical, digital and Cyber-Security competences. Talk to us!