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Who is the custodian and guardian of Intellectual Property in your firm?

As part of our ongoing series examining the ecosystem necessary to bring technology to market, we asked David French, a senior Canadian patent attorney with 35 years of experience, to discuss the importance to a company of protecting its IP and how creating the position of “IP Coordinator” can facilitate the process. This is the second of David’s commentaries and we welcome your comments.

By David French

In my previous post, I addressed the importance of a company’s intellectual property and how it can contribute to the bottom line, negatively or positively. In this post, I address the issue of how intellectual property is being managed within your organization.

Who in your organization knows or is able to understand all of the issues and requirements in order to ensure that you have good IP hygiene? Frankly, many companies just assume their lawyer is going to look after these issues. Well, your lawyer may provide advice in the boardroom, or possibly even in a reporting letter, as to many of the things you should do in order to keep your intellectual property regime in order. But who will remember all of this?

This is where the concept of an Intellectual Property Coordinator becomes important.

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