Contract and Procurement Article Critique

Contract and Procurement Article Critique

Part One - Article Location

Vonsosen , R (2005 . From research to revenue : Optimizing IP profits with enterprise contract management . Contract Management , 45 (7 , 28-33 Retrieved from http /nextance .com /documents /OptimizingIPProfits_July05 .pdf

Part Two - Article Summary

Intellectual property (IP ) is a vital part of any company , as it has the ability to help increase revenues , royalties , and general profits . Many businesses in this day and age have taken to licensing their intellectual property , which has proven to make a world of difference for their company

. While it may take a lot to license intellectual property and an equal effort to keep the licensing clear and valid , it quickly becomes worth it in regards to the monetary outcome of the company

When dealing with , forming and managing licenses for intellectual property , the company must first tend to the especially in regards to the intellectual property , so the ownership must be monitored and regulated . The author states that these following areas are important in optimizing the - Preparing the system and keeping it functional , while also keeping to the time and budget allotted

- Promoting user-adoption of the system

- Tending to the changes of the system as the company goes through changes , so that each separate entity can continue to function properly

In regards to optimizing intellectual property assets , the value must be increased and the...