A Holistic Approach To Intellectual Property Management

Law360, New York (July 29, 2016, 11:12 AM EDT) -- Richard J. Musgrave

Neil P. Ferraro Several years ago, Husky Injection Molding Systems Ltd. needed to cut its legal costs — without discouraging innovation or increasing risk. This is a challenge that many companies face, particularly those with legal teams scattered throughout the world.

We at Husky sought out industry best practices, and benchmarked the IP approaches used by some leading high-tech companies. We also sought input from our outside IP law firms, including Wolf Greenfield & Sacks PC.

The solution we came to was a holistic intellectual property strategy driven by processes that lead to formula-based decisions made with the knowledge,...

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