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Journal of Intellectual Property Rights (JIPR) >
JIPR Vol.17 [2012] >
JIPR Vol.17(5) [September 2012] >
| Title: | Enhancing a Firm’s Strategic Intellectual Property Management System – The Role of Patent Quality |
| Authors: | Mukundan, R
Jain, Karuna |
| Keywords: | IP management
Patent quality
IP strategy |
| Issue Date: | Sep-2012 |
| Publisher: | NISCAIR-CSIR, India |
| Abstract: | Knowledge is supreme. Playing the knowledge game is a double edged sword
and requires multi dimensional skill to engage prescience with strategic
intent. Traditionally, strategic decisions in the intellectual property (IP)
context have primarily been uni-dimensional towards maximising monetary value
of the IP portfolios created. Research and literature has focussed on valuation
of IP as a proxy for IP quality. However, there is a clear cut difference
between IP quality and its valuation. The recent acquisition of Nortel
Networks’ IP (primarily patent) portfolio by a consortium of firms for US$ 1.5
billion is a live case to have a better understanding of how IP is both
evaluated and valued. A shift in the approach towards technical quality helps
to first reduce the surrounding noise of market valuation and relate directly
to the core competency of a technology firm, which is developing technologies.
Many a time, valuation supersedes validity, leading to mindboggling settlements
later into the day. In the valuation route to quality, firms (both licensor and
licensee) consistently face cases that reflect the dilemma of validity and
valuation of the IP generated. In this work, the authors reason the necessity
for firms to emphasize on the technical quality of their IP (patents). High
technical quality of its patents provides a firm with multiple benefits -
foundation for the firm to leverage over longer time, build on core
competencies to achieve its strategic intent and have clarity of its
contribution by being legally valid and technically valuable to be licensed. |
| Page(s): | 385-389 |
| CC License: |  CC Attribution-Noncommercial-No Derivative Works 2.5 India |
| ISSN: | 0975-1076 (Online); 0971-7544 (Print) |
| Source: | JIPR Vol.17(5) [September 2012]
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