Monitoring IP usage is essential for several reasons:
Protection against Infringement: Failing to monitor IP usage can result in unauthorized parties using your IP, which can lead to financial losses and damage your brand's reputation. Value Maximization: Keeping track of how your IP is used can help you identify opportunities for monetization through licensing deals, partnerships, or sales. Legal Compliance: Ensuring that your IP is used in accordance with the law helps prevent legal disputes and potential lawsuits.