Preview Questions IP Manager | Role Specific Skill

Question 1: How can an IP Manager ensure that licensing agreements protect the company's intellectual property rights in FMCG?

Which action should you take?

Choose only one option

Protection clauses are only necessary for the most valuable IP assets.

By including robust enforcement clauses, non-disclosure agreements, and clear provisions for infringement action.

Licenses should not include enforcement clauses, leaving that to external legal teams.

Protection clauses should be minimized to make the agreement more attractive.

Question 2: How should an IP Manager navigate the issue of patent infringement in FMCG?

Which action should you take?

Choose only one option

Ignoring infringement claims will prevent unnecessary legal costs.

By thoroughly investigating the claim, assessing the strength of the IP, and taking necessary legal action to protect the company's interests.

Infringement claims should be handled informally between the companies.

Infringement issues should be ignored unless a lawsuit is filed.

Question 3: How can an IP Manager minimize the risk of IP infringement in FMCG?

Which action should you take?

Choose only one option

Infringement issues should only be addressed when legal action is required.

Infringement can be prevented by ignoring low-impact assets.

Risk minimization can be achieved by focusing solely on high-value IP.

By conducting regular IP audits, ensuring that IP is properly registered, and implementing strict internal controls to prevent unauthorized use.

Question 4: How do you "protect confidential information" during licensing negotiations in FMCG?

Which action should you take?

Choose only one option

By excluding confidentiality clauses from the negotiation process

By relying solely on the licensee's good faith without formal protection

By using non-disclosure agreements (NDAs), ensuring secure communication, and limiting access to sensitive information

By assuming that confidentiality is automatically protected by patent filings

Question 5: How should an IP Manager negotiate royalty rates in a licensing agreement for FMCG products?

Which action should you take?

Choose only one option

Negotiating royalties is unnecessary as long as the licensee is satisfied with the terms.

Royalties can be standardized for all licensing deals, regardless of product type.

Royalties should be set based on industry averages, without considering market specifics.

By analyzing the product's market potential, historical sales data, and the value of the IP to ensure fair compensation.

Question 6: How should an IP Manager handle the situation where multiple departments claim ownership of a single IP asset in FMCG?

Which action should you take?

Choose only one option

IP ownership can be ignored as long as both departments benefit from it.

The dispute should be resolved informally without legal documentation.

Ownership should be decided by senior management without reviewing the development process.

By conducting a thorough review of the asset's development history, determining the rightful owner, and establishing clear internal agreements.