Internal IP audits reveal overlooked possibilities; audits can help corporations identify which inventions would be most profitable to patent

Article Abstract:

Companies should perform intellectual property audits and their nature and frequency depends on the company's developmental activities, competitive environment, and inventions management program. A key part of the audit is evaluation of the procedures for maximization of home-grown technology's protection. Establishing patenting policies comes first. The policy should include confidentiality procedures strict enough to protect technology from public disclosure. The review should consider not only patenting but having the technology be a trade secret.

Investigations, Accounting and auditing, Inventions, Corporations

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Intellectual property assets raise insurance issues; companies may seek coverage specifically designed for IP- and Internet-related risks

Article Abstract:

The article discusses liability insurance for Internet-related commerce, and cautions that the using policies specifically designed to address the specific intellectual property and Internet-related risks of a company may prove a more cost-effective, prudent risk management strategy. The author mentions the specialized insurance products for Internet-related activities which some major insurance companies are starting to offer.

United States, Innovations, Liability insurance, Insurance

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