Intellectual property (IP) is a valuable asset for businesses, making its effective management crucial. Intellectual Property Management Systems (IPMS) are software solutions that are designed to streamline and enhance the management of IP assets while ensuring that deadlines are met and risks minimized. In this article, we explore the features and modules that are typically found in IPMSs, considerations for choosing a system, potential implementation issues and cost. We also include a list of vendors that offer IPMSs.
