When dealing with IP, it is important to formulate and implement an IP strategy - one that suits your business needs now and in the future. 

Following are examples of some of the items we typically assess to help devise such a strategy:

• the technology concerned and potential scope of IP rights;
• existing contractual obligations and rights of third parties;
• the proposed  use of the technology, e.g., develop in-house vs. licence out;
• the proposed timing and roll-out plan;
• procedures and agreements in place for the protection of confidential information;
• the territories of interest to you and/or potential licensees;
• the name under which the product will be marketed and scope of protection for same;
• potential distributors and/or licensees and their terms of appointment; and
• available budget.