Intellectual Property Audits and Due Diligence

Intellectual Property Audits

Thorough due diligence and properly conducted intellectual property audits can reveal previously unknown intellectual property rights. Moreover, IP audits can help businesses identify ways to optimize long-term profits and returns on their intellectual property assets. Conducting IP due diligence can also reveal areas where company processes and procedures are lacking, providing valuable opportunities for improvement and strategies to better protect business assets.

We scrutinize a company's intellectual property portfolio for any potential updating needs. It's crucial to strategically maintain these portfolios. Through conducting intellectual property audits, we can determine which assets should be eliminated and which ones should be leveraged or expanded.

Due Diligence Review

Conducting due diligence reviews on a company's agreements and transactions can reveal gaps in legal compliance and protection. These reviews encompass various aspects such as evaluating internal company agreements, ensuring business compliance, assessing corporate governance, analyzing IP licensing agreements, examining trademark and brand guidelines, and conducting audits on proper trademark use.

Additionally, due diligence reviews involve reviewing and evaluating the effectiveness and efficiency of enforcement programs, assessing technology transactions for adequate protections and compliance, ensuring software licensing compliance, reviewing data protection and storage measures, and examining website agreements.

Unfortunately, startups may overlook the importance of software agreements and miss out on leveraging crucial intellectual property assets, while larger companies may fail to identify potential licensing opportunities or provide adequate legal protection in their website policies.