The Most Important Intellectual Property Questions Boards of Directors Should Ask

Now that boards of directors are waking up to the reality that intellectual property is an important and lucrative part of company management and corporate strategy, they’re searching for the right questions to ask. 

• What kind of intangible assets does the company have?
• How many/much of these intangible assets do they own?
• Is there inventory of intangible assets?
• Who is protecting these intangible assets?
• How are the intangible assets managed?
• Are these assets adding value to the company? Where, how, and how much?
• How much is the company spending to maintain these assets?
• What efforts are made to monetize these assets?
• How do the company’s assets compare to competitors’ assets?