Collaboration Between Company's Tax And IP Experts: Part 2

The protection and management of intellectual property within a multinational enterprise (MNE) is complex and expensive. Internal coordination, particularly between the tax, legal and IP management professionals is essential to ensure that the strategic and financial objectives for IP assets are achieved while minimizing potential risks. In the first part of this two-part article, the authors discussed the benefits of collaboration between the various internal professionals of an MNE responsible for managing and enhancing the MNE’s valuable IP.
In the final part of this Law360 article, the authors focus on the importance of coordination between tax, legal and IP departments of an MNE in order to:
1. mitigate risks that can arise during tax inquiries or litigation; and
2. understand the impact of legal versus economic rights to IP when defending an IP portfolio.