Definition

Intellectual property software (or IP software) is an application, usually delivered as SaaS, that centralises the management of an organisation’s IP assets: trademarks, patents, designs, domain names, contracts and licenses.

Expected features

• Unified portfolio database with custom fields
• Automated alerts on renewals and deadlines
• Workflows for filings, oppositions and disputes
• Centralised document management (certificates, correspondence, invoices)
• Collaboration with external counsel and subsidiaries
• Strategic dashboards and reporting

Why a dedicated tool

Spreadsheets and inboxes stop scaling as soon as a portfolio exceeds a few dozen titles. IP software helps:

• Reduce the risk of losing rights through oversight
• Secure sensitive data through strong cybersecurity
• Industrialise IP management
• Measure portfolio value and drive arbitrage decisions

See also: IP management tool and IP solutions.