Reference no: EM132295222

The U.S. Chamber of Commerce states the following on their page on the importance of protecting intellectual property: "Our economy is driven by the need to innovate, create, and develop new ways to serve consumers, and industries that rely on intellectual property (IP) play an essential role. When inventors, researchers, engineers, artists, and entrepreneurs know that their work will be protected and rewarded through strong IP rights - including patents, trademarks, and copyrights - they have the certainty and the incentive to keep the economy-boosting innovations coming. Moreover, IP protections guard consumers against dangerous fakes and counterfeit goods."

Your company is seriously thinking of operating abroad and is concerned with how to protect its intellectual property from being stolen. What advice can you give your boss on how your company can minimize its risks of having its intellectual property stolen.