This is one pretty scary world we live in. Every day there are stories about data breaches, network hacks and even possible spying by foreign software and hardware suppliers. Every individual has become hyper-aware of the security issues revolving around their personal data. A company’s need to protect its design IP is actually more critical than an individual’s need to protect their personal data.
A company’s IP is often the basis for its competitive advantage. Without IP management or protection, your new product can be cloned by a competitor or an unknown third party. IP protection laws vary across the globe so the best approach is to protect your IP before it leaves your company.