In a world that is increasingly driven by technology, intellectual property is playing a larger role in business and our economy. While protecting intellectual property has always been a staple of the modern economy, startups to large enterprises are spending more of their annual budgets on securing new intellectual property and defending existing portfolios.
There are numerous forms of intellectual property, from copyrights to trademarks, but probably none more important than the patent. More money is spent on patent filings and patent defense each year than any other form of intellectual property. It is no surprise that patents are at the center of global controversy as nations try to protect intellectual property without stifling innovation.