Bearing the Bear Market: Article 3
As economists warn of an imminent economic recession, companies should take the time now to consider their Intellectual Property (IP) strategies and determine how to preserve legal spend while simultaneously adding value to their IP portfolio.
With these considerations in mind, there are a few strategies that can be put in place early on to help recession-proof an IP strategy. This should include evaluating the company’s product roadmap to identify high-value assets, managing legal spend through rebalancing trade secret and patent protection, and implementing risk mitigation measures regarding company IP prior to reductions in force (RIFs). Read more