The Intellectual Property (IP) & Science business of Thomson Reuters has announced a partnership to provide Syngenta, a leading agricultural company, with an integrated, enterprise-wide asset management solution. The partnership aims to standardise and centralise IP and legal contracting processes. It will support the development of integrated strategies, enable global collaboration across the different units of Syngenta and minimise risk.
As part of Syngenta's search for a new intellectual asset management solution provider, the company engaged the Thomson Reuters IP management consulting team as a partner in a thorough business needs analysis and solution development programme. The goal of this was to better understand current and future business requirements, and opportunities for operational efficiency.
The Thomson Reuters consultants worked closely with leaders and change agents from across Syngenta to assess systems, define a long-term vision, and establish a configured solution that addresses people, processes and technology. Syngenta ultimately selected an enterprise-wide solution including Thomson IP Manager because of its product's unique ability to link patent and trademark assets with contracts across product lines to form the "magic triangle" of IP-contracts-products. In addition, the team chose IP Payments from Thomson Reuters to ensure accurate portfolio maintenance and legal services from the Thomson Reuters Legal Process Outsourcing (LPO) unit.
In a joint development project, Thomson Reuters and Syngenta designed a holistic solution that provided links between contracts, products and IP, improving the strategic deployment of legal, IP and licensing assets in support of Syngenta's growth agenda, as well as improving quality of information and portfolio-level management data. The new platform allows full visibility and management of rights and risks in a rapidly growing and increasingly complex business environment; where there are multiple dependencies between IP rights, licensing, contracts and products.
