May 25, 2022
IIPRD’s IPR audit cell goes through unbiased audit & perfect due-diligence that can help the corporates. (Importance of Intellectual Property (IP) Audit)
Intellectual Property (IP) Audit
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IIPRD’s IPR audit cell goes through unbiased audit & perfect due-diligence that can help the corporates. (Importance of Intellectual Property (IP) Audit)
Intellectual Property (IP) Audit
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Ip Audits In India | R K Dewan Patent Attorney in India
R.K.Dewan & Co. provides comprehensive services related to intellectual property audit that strengthen and efficiently optimize IP portfolios.
IP Asset Acquisitions: What To Do
Sometimes, when companies merge or acquire other companies, they may also get that company’s assets, including an IP assets. Intellectual Property or IP assets basically comprise of a variety of non-physical items which have value. This may include copyrights, trademarks, and even patents, to name a few.
When a merger is particularly messy and there is no one around who knows exactly the scope and content of a company’s IP catalogue, then an IP audit is necessary. An cotman IP audit is a method of listing down a company’s IP assets, determining its value and even how the company can profit through the sale of license of these assets. To begin an IP audit, the auditor must put together a list of known assets. IP audit
This step usually involves a lot of paperwork and piecing them together to make a list. If there is no record at the office, then the auditor can check the database of known patent and trademark offices, although other assets may be more difficult to find. Next, the auditor must determine the value of the asset. Now this is probably a difficult step because it’s hard to find out the value of a non-physical asset. However, the next step will also help. Every asset should somehow make or help generate some profit for the company. For the IP assets a company owns, they should think about how to can make money from it. IP can be sold, licensed, or they can market it directly. By figuring out the best option for any asset, companies who own IP can maximize their profit.