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In her latest risk management series for HFN magazine, Kristi A. Davidson discusses how one can protect themselves against (or seek compensation for) the loss or misuse of their intellectual property.

“The first step is to make sure that you have taken the necessary steps to claim the intellectual property as your own,” Davidson writes in her monthly column. She suggests monitoring online sites in order to obtain early detection of infringing products in the marketplace.

To protect the intellectual property from unauthorized dissemination or use when one has permitted others to use or sell it, Davidson suggests adding a multitude of provisions in a written license agreement in order to spell out who bears the responsibility of the intellectual property.

“Do not, however, fall into the trap of thinking you are protected simply because you carefully crafted a license agreement,” she warns. 

Read the full column – “Risk Management 101: Protecting Intellectual Property (Part 1)” (HFN Magazine, January 22, 2013)