Tue, May 01, 2012 - Page 11 News List

Legal experts tell companies to value intellectual property

Staff writer, with CNA

Legal experts from major enterprises such as Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Microsoft Taiwan Corp spoke yesterday about the importance of protecting their intellectual property rights.

Saying it was never too late to own high-quality patents, Richard Thurston, a TSMC senior vice president and general counsel for legal and intellectual property management, suggested that companies outline strategies and deploy resources to accumulate and protect such property.

At an international conference on patent laws and lawsuits, Thurston said that holding high-quality intellectual properties, even only a few, is vital for a new company seeking to be competitive.

To stay in business, companies need to invest effort into acquiring such assets, he said.

Microsoft Taiwan’s legal director, Vincent Shih (施立成), said that holding intellectual property rights could help enterprises earn money with which they can boost innovation in research and development.

This kind of circular investment provides a good environment in which enterprises can grow, he said.

Shih also suggested that businesses refrain from scattering their intellectual property throughout different departments.

Enterprises must keep careful tabs on the extent and content of their intellectual properties and use them well, he added.

According to Shih, the global commercial environment is like a coliseum in which businesses fight each other for survival and earnings and where intellectual property is a weapon necessary for both attack and defense.

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