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While an increasingly global business market could make it difficult for companies to properly track trademarks, copyrights, and other forms of intellectual property, they may not be in a rush to spend on IP surveillance software just yet. For starters, many companies still rely on a global network of outside lawyers to track changes in IP law jurisdiction, a functionality that still eludes most surveillance technologies in the market.
But that doesn’t mean there is no place for technology. “A lot of people still use the inheritance [IP monitoring] Systems they had, ”said Nehal Madhani, CEO of IP doceting provider Alt Legal.