Patented innovations, trade secrets, information, and other intellectual property can have multiple uses to multiple users, whether the owner, licensees, or unauthorized third parties. Recycling, re-using, and exploiting IP presents opportunities and challenges to businesses and academic and research institutions. The monetary cost of IP misuse or IP disputes can be budget-breaking. The costs of public embarrassment, loss of customer trust cost, disrupted business or research activities, and replacing terminated employees may be difficult to ascertain, but each may require years to overcome and repair.
To read the complete article, click here.
Reprinted with persmission from DRI's The Voice