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ARTICLE · 29 MAY 2020

Intellectual Property Risks In Times Of Crisis

Business management during crises calls for thorough risk management. Besides health, safety, environmental and operational risks, IP-related ones are highly relevant and pose a direct threat to business continuation ...

LuxembourgIntellectual Property

Business management during crises calls for thorough risk management. Besides health, safety, environmental and operational risks, IP-related ones are highly relevant and pose a direct threat to business continuation and financial situation if not discovered in time or adequately mitigated. Find out how to assess and manage internal and external IP risks.

Internal IP risks originate from within the company, for example, losing the novelty of an invention by prior public disclosure. External IP risks are caused by the company's environment, such as being sued for infringement of a competitor's Intellectual Property right (IPR). Not identifying and mitigating internal IP risks has one significant consequence: The non-exclusivity for own products, services or technologies. In turn, this limits the competitive advantage, reduces market share and results in a potential loss of revenue, for example, through increased sales of counterfeits. Does your company need an IP

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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