What is an intellectual property strategy? Should I have one in place?

At its simplest, an intellectual property strategy is a plan, which is consistent with your business goals, to identify, protect and exploit any intellectual capital created or held by your business so as to maximise their value and the profitability of your business.  An intellectual property strategy should be a core component of any overall business strategy, as it is a means of ensuring a sustainable stream of income.  

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