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Management Of Ipr An Easy Task With Technology At HandBy Expert Author: Practice League
What makes a company different from others is the way it presents its ideas different from others. Uniqueness is what makes a good company. For e.g. a prominent sports company has a catchy tag line, due to which it has become a household name. Every company must come up with new ideas and new techniques in its own department to make the customers choose them over their rivals. These ideas must also be protected. Meaning, they must be exclusive for use to that company only. This makes every firm a unique one. These exclusive rights to ideas are known as intellectual property rights and they form a base for every organisation. Intellectual property rights (IPR) have become important in the face of changing trade environment which is characterized by the following features namely global competition, short product cycle, high investments in research and development (R&D), high innovation risks, need for rapid changes in technology, production and marketing and need for highly skilled human resources.
Managing IPR is one of the many problems organisations face in today’s times. They have to manage all the legal documents containing all the matters related to IPR, tracking the illegal use of their intellectual property, the legal proceedings and so on. IP management software makes the management of Intellectual property easy and secure. Organisations must often visit government offices to renew their patents or trademarks. This software helps by notifying the due dates for visiting such offices and an overview of all the steps needed to be done. Also, it helps to remind the renewal dates and other important dates so that the firm can operate smoothly and there is no misuse of their rights. The system comes with all major standard document templates counting form1 and 3, Power of Attorney, office actions, client correspondence, etc. The module of document assembly automatically fills up all the information which is present in the IP database to the documents. for further procession the resulting document can be converted into the PDF format or even a Word file.
Trade mark is another IPR which must be managed by the organisation. It resembles the design of the companies’ logo. If a logo is registered as a trademark, then it cannot or should not be copied by other organisations. Imposing such restrictions is quite challenging and also quite tiring even for big firms. As patents need to be renewed from time to time, so is trade mark. There are many legal proceedings also which must be attended and rules and regulations that must be followed in order to oversee trade mark. To ease the amount of work required for this process, Trademark management software used. The software are developed and designed with screens which are easy to use and to store all the information linked to trade marks such as applications, searches, and registrations, sample packaging, records etc. All the records in the software are associated with issues such as contracts, domain names, assignments, disputes, and registration offices. With the software providing direct link to trademark databases, the organisations can import and audit their trademark portfolio with information from trademark offices from around the world.
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