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ARTICLE · 09 JUNE 2014

Intellectual Asset Management Best Practices – Part 1

Does your organization have "intellectual assets"?

CanadaIntellectual Property

Does your organization have "intellectual assets"? Regardless of what your organization does – whether it is a service-based business, or in the manufacturing sector, whether it is driven by cloud-based software or bricks-and-mortar locations, whether it is a multinational or a local start-up – chances are good that you can start to list the intellectual capital that has value in your organization. What do we mean by "intellectual assets"? There are many definitions, but one broad definition is simply "knowledge that has value in your organization", and it can encompass:

  1. Human know-how and intellectual capital – the unwritten expertise, experience, concepts and technical knowledge that employees have in their heads; and

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