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An IPR-strategy consists of five elements.

Strategic management of intellectual property rights
The main elements of an effective IPR-strategy can be summarized in five phases, where surveillance equal to the interaction with business strategy form a foundation for the assets connected to identification, protection and enforcement of intellectual property rights.

Various considerations are connected to each of the five phases of the IPR-strategy. The phases are carefully connected and together form a focused and strategic approach to managing intellectual assets.