Chad Kluemper is an experienced compliance professional. He is currently a senior program manager at Honeywell Aerospace. Experienced in compliance, Chad Kluemper conducts forensic accounting, audit analysis, and purse claims in accordance with the terms of conditions of relevant agreements.
Intellectual property (IP) is a concept connected mainly to compliance. For instance, when people commit IP fraud, they can effectively launder money without strict compliance with the rules or policies. Compliance entails treating other market players' accomplishments fairly. This necessitates a regular evaluation of the IP status in the relevant market category through analysis, research, and articulation of the IP rights when appropriate.
A crucial aspect of compliance in IP management is the adoption of control mechanisms that monitor if one's own business, designs, patents, and trademarks are violated. It also guarantees that one's own business does not violate the IP rights ascribed to third parties. Rules of conduct and corresponding standards must be created and updated regularly. This is crucial in the event of business audits.
