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What is intellectual property(IP)? Copyrights, trademarks & patents that is all that was considered as IP but its definition has been changing & it has widen its coverage. Now IP also constitutes processes and techniques, methodology and talent described by many experts as intellectual capital. So, Why IP sharing is a cause of concern in recent times? Importance of Intellectual property varies with different types of business. While Software development outsourcing requires a high level of knowledge sharing between customer organization and vendor. Consequently, IP rights of stakeholders are involved in one form or another. Thus intellectual property management has become increasingly important for businesses utilizing offshore/nearshore outsourcing.  What IP rights are conventionally involved? Outsourcing and shared services arrangements inevitably involve the creation of and use of a variety of IP rights. Typical examples would be patents or expertise relat

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