As important as research and development (R&D) is to the success of a business, so too is the protection of the products or services that it develops. Through protection, businesses are able to legally safeguard their work, which can lead to increased competitiveness and value for shareholders. It also affords businesses the opportunity to recoup R&D costs by commercializing their intangible property to generate returns through intellectual property (IP) sales, licensing agreements, and the provision of technical assistance to clients.
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