Intellectual Asset Management Best Practices

The ipPerformance Group’s Guide to Best Practice describes the essential intellectual asset management best practices.┬áThese practices are supported by extensive experience, competencies, and documentation within IpPerformance Group. The practices includes the step-by-step process, key stakeholders, and performance metrics. If you have any suggestions please submit them and we will evaluate the practice and update our guide.

1 Portfolio

  • Provide an annual intellectual asset management report to your business
  • Conduct annual portfolio review
  • Review entire intellectual asset portfolio at least once per year
  • Properly update appropriate databases with information regarding status of specific intellectual assets and decisions made about individual intellectual assets
  • Manage the cost of patenting activity for your portfolio.
  • Identify key patents
  • Properly transfer or abandon patents from your portfolio
  • Classify the pending and issued patents in your patent portfolio by “business use”

2 Strategy

  • Determine the patent action plan for your portfolio (This is also known as patent strategy, IP strategy, IA strategy.)
  • Align intellectual assets to your business units

3 Competitive

  • Use of Patent Intelligence (patent trees, patent maps, or patent landscapes)
  • Evaluate the need for a competitive assessment and the activity

4 Investment

  • Prioritize the disclosures in your portfolio

5 Realization

  • Donation of intangible assets to non-profit organizations
  • Out-licensing of intellectual assets

6 Valuation

  • Valuing Intangible Assets

7 Operations

  • Benchmarking of intellectual asset management practices with outside companies
  • Internal benchmarking of intellectual asset management practices between business units
  • Establishing a contact as an intellectual asset focal point for your business or technology area
  • Form and staff an intellectual asset management team
  • Facilitate at least one IAM team meeting per year/Conduct IAM-team meeting
  • Patent filing recommendations – Establish standard factors
  • Patent maintenance recommendations – Establish standard factors
  • Recommend/document/implement patent filing recommendations
  • Manage trade secrets

View a Brief Video Overview of Developing IAM Best Practices

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The complete best practices with descriptive steps to complete, measures, value points, and functional participants are available in written, audio, and video formats.

Description:
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Value Points:
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Measures:
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Typical functional participants:
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