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Increasing complexity of intellectual property rights management
The increasing complexity of intellectual property (IP) regimes globally has created significant challenges for multinational corporations in managing their IP rights. Traditionally, patents, copyrights, trademarks, and designs were handled independently within separate organizational units. However, the boundaries between different types of intangible assets are now blurring in the current business environment. Emerging areas such as industrial designs, geographical indications, plant varieties, and databases involve hybrid IP considerations that transcend traditional categories. Furthermore, established protections now extend to the digital sphere, encompassing 3D printing schematics, software code, and online multimedia content. This growing complexity poses serious organizational hurdles for enterprises striving to keep pace with legal developments and leverage synergies across diverse IP portfolios. Manual processes are inadequate for effectively tracking these interrelated IP assets.
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