What is PD CEN/TS 16555-4 about?
PD CEN/TS 16555-4 is the fourth part of the PD CEN/TS 16555 series of standards that provides guidance to assist an organization to identify, capturing, and safeguard intellectual property, in order to:
- Provide organizations with an overview of the fundamental principles of intellectual property management, in the context of the innovation process;
- Promote best practices in intellectual property matters that result in efficiently acquiring intellectual property, while increasing the organizations’ ability to effectively address intellectual property owned by third parties
Who is PD CEN/TS 16555-4 for?
PD CEN/TS 16555-4 on intellectual property management is useful for the organization:
- All organizations
- Public sector
Why should you use PD CEN/TS 16555-4?
The effective management of intellectual property developed as a lever and a tool to support the process of innovation, is a necessary prerequisite for organizations' development, growth, and protection of their competitiveness. Intellectual property management thus supports, gives rise to, and enhances outcomes of the innovation process. Intellectual property management includes observation and analysis of third parties intellectual property, for instance, for the purpose of achieving freedom to operate for an organization's products.
PD CEN/TS 16555-4 adequately address intellectual property management that the organization should consider are given below:
- Intellectual property strategy, as an integral part of the organization's business strategy
- Intellectual property strategy, as an integral part of innovation management strategy
- Safeguarding of the potential intellectual property throughout the entire organization
- Methods used to manage and use intellectual property as a support of the business strategy, for example traceability, protection)
- Applicable legislation in the territories or regions under consideration
- Costs of obtaining and maintaining the intellectual property and possible enforcement costs which could ensue
- Differences in the contribution of various public authorities to acquiring IP rights and promoting practices throughout the world
- Methods of protecting ‘know-how’, where appropriate
