IP Audit & Evaluation
Audit
Intellectual property (IP) assets such as patents, trade marks, design rights, copyright and know-how, are important to achieving competitive edge and financial growth.
An IP Audit is important as it allows you to:
- Fully understand what you own and its relationship to your organisation and industry (Commercial & Research organisations)
- Understand third-party IP dependencies and their implications(Commercial & Research organisations)
- Avoid loss of IP Rights and increase the value of your existing IP (Commercial & Research organisations)
- Identify ways to align your overall IP strategy for your organisation (Commercial & Research organisations)
- Identify critical process or skills shortages (Commercial organisations)
- Identify potential commercial opportunities and tax savings from your IP (Commercial & Research organisations)
- Support due diligence efforts for mergers and acquisitions or IP-backed financing (Commercial organisations)
Evaluation
Evaluating your IP assets both formal and informal enables an organisation to understand
- The appropriate methods of protection available(Commercial & Research organisations)
- Possible commercial potential(Commercial & Research organisations)
- How dependent services/products are on the IP assets (Commercial organisations)
- The extent to which they support or underpin key revenue-generating products and services (Commercial organisations)