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How important is it to exploit one's intellectual property?
Most
commonly, IP right holders say to themselves, "Thank God I have
registered my IP, no one can copy now. If anyone copies I will drag them
to court".
Well,
it is important to protect IP from infringers and safeguard your IP.
Nevertheless, that is not its only purpose. I would say if IP’s are
not exploited it is equal to an abandoned house.
A
house for example, can be sold, mortgaged or could be given for lease and
income can be earned. Similarly, IP can also be licensed, pledged or assigned
and income can be earned.
No
owner of a house would wish to keep it locked if he knows that it will fetch
decent income. Therefore, all IP holders should recognize that IP is capable of
generating revenue and should exploit to the maximum. In others, words should
be treated as a valuable asset.
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