Minneapolis patent attorney Mark Stignani explains why a company should perform a risk profile.
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Why do we recommend performing a risk profile on your company? The risk profile, as we see it, is a good way to quantify yourself based upon your IP capacity and the IP capacity of another company that you want to benchmark against and this is a simple way to look at what you’re willing to do as far as assertion, litigation defense, what you’re willing to invest, and really, how you seat yourself in comparison to the marketplace, and one or more benchmarking competitors. It also is a way to easily show to executives how you seat yourself in comparison to a desired or aspirational goal.