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Specialized applications to Companies:

It is advisable for every company to have a well considered IPR  policy and all its systems made compliant to it. Best thing is to do the same right from beginning of the enterprise so that one is not saddled permanently to consequences of mistaken actions. However, if not done so far, any earliest time is the best time to make a beginning.

In fact, whatever is the size of the organization, right from a proprietary concern like a small workshop to a multinational company:

• A well considered IPR policy is something which may make very significant value addition. 
• Selling value of IP can be several hundreds of thousands times higher than its cost of creation, depending upon its commercial worth. This can be fully realized if properly protected and prudently marketed. There is hardly any better policy of making business than this.
• Returns from IPRs can be purely in addition to operating profits, depending on the circumstances of the case.
• IPRs help in capitalizing the development expenses.
• If provisions of Income Tax Act are available for relevant fiscal years, IPRs may in significant tax saving in addition to benefits of better competitiveness that they bring with themselves.
• For R&D oriented companies, fixed assets may be little, and most of the assets may be in IPR and their valuation reflects true worth of the company. This shall be useful in selling IP, acquisitions as well as mergers.
• Information on page of IPR  for R&D Institutions is useful for companies also.

A company which is knowledge based has very obvious reason to care for IPR.  However benefits of IPR are not limited to a company which is knowledge based or R&D based. Even a purely job work company may also be doing the job in an innovative way which is making it more competitive than its competitors. Anything that you would like to keep secret from competitor to keep you more competitive is your intellectual property worth taking pains  to protect.

• It may always be a good idea to make it sure if and in what way a well considered IPR can help in increasing value and returns of your hard work.
• A good planning may yield immediate returns as well as lay a foundation for a good quantum of future flow of returns  from same efforts.
• IPR may lay foundation to generate dividends for the time when you plan to retire.