Preview Questions IP Manager | Role Specific Skill

Question 1: How should an IP Manager manage the risk of patent infringement when launching a new product in FMCG?

Which action should you take?

Choose only one option

Risk can be ignored as long as the product is new and innovative.

By conducting freedom-to-operate (FTO) searches, reviewing existing patents, and analyzing competitors' IP portfolios.

Ignoring existing patents as long as the product does not directly copy them.

FTO searches should only be conducted if a patent dispute arises.

Question 2: How do you "manage patent portfolio renewal" in FMCG to balance costs and protection?

Which action should you take?

Choose only one option

By focusing only on high-value patents and ignoring low-value ones

By assuming that patent renewals are always necessary

By evaluating the value of each patent, considering market potential, and making decisions on which patents to maintain based on their strategic importance

By renewing all patents without reviewing their value or strategic importance

Question 3: How do you "assess the commercial value of IP assets" in an FMCG portfolio?

Which action should you take?

Choose only one option

By conducting market research, analyzing licensing opportunities, and evaluating the competitive advantage of each IP asset

By assuming all IP assets have the same commercial value

By excluding intangible IP assets from the value assessment

By focusing solely on patent filings without considering commercial exploitation

Question 4: How can an IP Manager ensure that patents are properly enforced across multiple jurisdictions in FMCG?

Which action should you take?

Choose only one option

By coordinating with local IP attorneys, ensuring timely filings, and pursuing enforcement actions as needed in each jurisdiction.

Enforcement should be handled only in the country of origin.

Patents should be enforced universally without local legal counsel.

IP enforcement is unnecessary in foreign jurisdictions unless directly impacted.

Question 5: How should an IP Manager ensure that patent rights are properly maintained and enforced across various regions in FMCG?

Which action should you take?

Choose only one option

Local enforcement should be handled by the legal department, not the IP team.

Patent rights do not require maintenance after they are granted.

By conducting routine monitoring of patent statuses, renewing patents on time, and addressing any potential infringements through local enforcement.

Enforcement is only necessary if a competitor challenges the patent.

Question 6: How do you "evaluate the effectiveness" of a licensing deal post-signing in FMCG?

Which action should you take?

Choose only one option

By excluding feedback from licensees and assuming compliance

By assuming the licensing deal will perform as expected without tracking

By tracking performance metrics such as sales, compliance, and market share, and conducting periodic reviews with licensees

By focusing solely on financial aspects and ignoring strategic goals