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ARTICLE · 28 MARCH 2022

Recent Developments In Intellectual Property: New Initiatives For IP Strategy And Management

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New initiatives have recently been introduced at the provincial, national, and international levels highlighting the importance of intellectual property strategy to the growth and success of Canadian businesses.

CanadaIntellectual Property
Mark Davis
Mark Davis
A. Chandimal Nicholas
A. Chandimal Nicholas
Kassandra Shortt
Kassandra Shortt
Steven Henderson
Steven Henderson
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New initiatives have recently been introduced at the provincial, national, and international levels highlighting the importance of intellectual property strategy to the growth and success of Canadian businesses.

New International Framework for IP Management (ISO Standard 56005:2020)

In November 2020, the International Organization for Standardization (ISO) released a new publication, "Innovation management - Tools and methods for intellectual property management - Guidance" (ISO Standard 56005:2020). This new international framework is designed to help businesses achieve sustained and long-term success through efficient IP management.

The framework appears to provide a formalized system for companies to conduct IP audits and implement strategies based the results of that audit. The framework sets out guidelines and addresses issues to support businesses in their IP management at the strategic and operational levels. Highlights include:

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