What is an IP strategy, in practice?
A written answer to four questions: what the business must own to keep selling, which of those things are registrable and which are better kept secret, which jurisdictions are worth paying for, and which existing registrations are no longer earning their renewal fee.
If a document does not change what you file next quarter and what you stop paying for, it is a summary, not a strategy.
How many trademarks or patents should a business actually own?
Fewer than most portfolios contain. The right number is the one where every registration maps to something the business sells, a territory it sells in, or a specific risk it is buying down.
Counting registrations is a vanity metric. A portfolio of six that covers the actual product and the actual markets beats a portfolio of forty that grew by habit.
When should you stop renewing a registration?
When the class no longer matches anything you sell, when the territory is one you have left, when the mark has been replaced by a newer one, or when the registration was defensive against a competitor who no longer exists.
Renewals are the only IP cost that recurs forever, and the only one nobody reviews. Almost every portfolio we see is paying for at least one thing it does not need.
How do you decide which countries to file in?
Work backwards from revenue and manufacture, not from ambition. File where you sell, where you manufacture, where your distributors are, and where a copy would be made — in that order.
A useful discipline: for every country on the list, name the specific commercial event that would make you glad you filed. If you cannot, take it off.
Should a small business file patents at all?
Often not. A patent is a twenty-year negotiation with a public register that costs money every year and only pays back if you are willing and able to enforce it. For many businesses the trade mark, the design registration and a tight set of contracts do more work for less money.
The honest test is whether you would actually sue. If the answer is no, the patent is a certificate, not an asset.
What is the difference between an IP law firm and an IP strategy consultancy?
A law firm files, prosecutes and litigates — it acts on decisions. A strategy practice decides what is worth filing, what it is worth, and what to do with it once you hold it.
The work overlaps, and plenty of businesses need both. The distinction matters at the point of hiring: if you already know what you want filed, you need a filing practice. If you are not sure what you own or what it is for, filing first is the expensive order.
What IP should a company own before a funding round?
Registrations in the operating company's name rather than a founder's; written assignments from every contractor, agency and employee who created anything; no unlicensed third-party material in the product; and a single schedule listing all of it with owner, status and next renewal date.
Investors rarely value IP upward. They discount for mess. The schedule exists to remove the discount.
When is a trade secret better than a patent?
When the advantage is not detectable in the shipped product, when it would outlive a twenty-year term, or when publishing the claim would teach a competitor more than the monopoly is worth.
A patent is a bargain: you disclose, and in exchange you get a time-limited right to exclude. If the disclosure costs more than the exclusion earns, do not make the bargain. India has no standalone trade secret statute, so the protection is built from contracts, access control and confidentiality obligations.
What IP clauses belong in every commercial contract?
A present-tense assignment of everything created under the agreement, stated to run for the full term of the rights and for all territories; a warranty that nothing delivered infringes a third party; and clarity on what happens to jointly created material.
The Copyright Act's five-year and India-only defaults are the reason the term and territory must be written down. Silence is not neutral — it picks a side, and it is not yours.
How do you measure whether an IP portfolio is working?
Three tests. Coverage: does every product line and every revenue territory have something protecting it? Cleanliness: is every registration in the right name with a live renewal? Cost of carry: what does the portfolio cost annually, and which registrations are not tied to anything you sell?
None of these requires a valuation. All three are answerable from the registers and your own contracts.