Intellectual Property Strategy
Managing IP risk and value
Every company needs a strategy for dealing with the value and risk relating to intellectual property
Intangible assets now account for the bulk of the value of most companies, and IP strategy is now a boardroom issue. LexisNexis Intellectual Property Solutions suite of patent analytics is key for any organization integrating its patent strategy with its business and IP strategy more generally.
“LexisNexis Cipher gave us the ability to understand the technology landscape and was an important foundation layer in creating a strategy for protecting our innovations whilst enabling us to understand how best to deal with others in potential conflict areas.”
Frequently Asked Questions
How to align patent strategy with business strategy?
Communication is critical to aligning patent strategy to your IP strategy more broadly. Many organizations establish an IP steering group with representatives from across the business, with senior stakeholders reporting directly to the board, typically quarterly.
What’s the best way to communicate patent strategy to the CFO, CTO and the board?
Patents have historically been regarded as a cost. Integrating strategic patent intelligence helps to develop a fresh narrative, where patents are now seen as strategic assets. This approach can help in mitigating the risk of litigation or adverse licensing outcomes. Find out more about communicating Portfolio Optimisation or Competitive Intelligence.
How to benchmark an IP portfolio to competitors and new entrants?
Benchmarking data can be slow, expensive and inaccurate, which erodes trust in patent intelligence and creates obstacles to comprehension of your patent strategy. Cipher maps patents to technologies using your technology lens and automates the production of actionable benchmarking metrics.
“It’s important to recognise that there is an intensely competitive landscape. With respect to the movement from traditional to non-traditional players, it’s really important that we understand what the landscape is and what IP rights are out there.”
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