A challenge facing today's high-tech companies is generating, managing and leveraging intellectual property (IP) in a manner that optimizes its value. This endeavor requires a well-defined IP strategy. While there are numerous possible IP strategies a company can adopt, there are a relatively small number of fundamental considerations and devices that go into formulating and executing a particular IP strategy. An understanding of these considerations and devices can allow scientists, technicians, engineers, managers and executives at high-tech companies to begin the process of forming an IP strategy that suits their company's needs.
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