MITIGATING RISKS


FEATURE SPONSOR


INTELLECTUAL PROPERTY RISKS


Understanding and controlling technical, financial and operational risk is fundamental to good project management. So, what about IP risk? What about the risk of infringing someone else’s intellectual property rights? Not understanding such risks and not addressing them can be catastrophic for a project


When developing new and innovative technology, whether it is a new product, system or process, the risk of infringing intellectual property rights owned by others should be evaluated and addressed like any other risk. Adopting a pragmatic approach to selecting the most


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important technology and devising the correct mitigation strategy can help ensure that risk is mitigated quickly and cost-effectively.


IDENTIFYING IP RISK When any new technology is


developed there is a chance that the same technology has already been created by someone else and that they have been granted a patent protecting it. Consequently, the development of any new technology and particularly technology that may be regarded as being innovative,


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