Best practices for IP protection

The World Intellectual Property Organization(WIPO) has defined four primary types of intellectual property (IP) viz. patents, copyrights, trademarks, and trade secrets. These are distinct in nature from one another but have common consequences if these are lost, stolen, misused or made unavailable. Importance of protecting IP is different than protecting regular information assets.
The industry today demands the IT teams to deliver services with BYOD, virtualization and cloud services. As these changes are being implemented across organizations, the CISOs and IS managers are posed with a lot of questions around securing their most valued asset, i.e. IP. The need of the hour is to build a scalable, integrated and flexible IT ecosystem that not only delivers as per the demands of business users, but also addresses the new paradigm of security requirements.
FORMULATING A STRONG IP STRATEGY


To begin with, organizations must invest in a well-written Non Disclosure Agreement (NDA) with various entities like employees, contractors, and third-parties.