Intellectual property (IP) law protects future things and processes using copyright, trade mark, patent, design, confidential information and other IP laws. This is usually in combination with IP licences and contracts.
To excel in IP law, particularly the commercialisation of IP and IP contract drafting, it helps to be a good futurist. Decisions are needed for drafting IP contracts, eg for setting royalties and scoping the IP rights granted. If either is set too high, or too low, the inappropriate decision has very concrete consequences, winners and loser.
Wisdom helps improve IP decision making. Wisdom comes with experience and is the result of practical rather than theoretical learning. That's what sets wisdom apart from knowledge, information and data.
Plenty of wisdom for IP futurists can be drawn from Intelletual Property, a 2007 book by Prof. Paul Goldstein. Goldstein's positions discussed here are broadly confirmed by the literature on IP trends generally. Here are our six predictions on where IP law is heading, with evidence and arguments drawn from Goldstein's book.