It has become increasingly important for companies to keep track of the extent, quality, and use of their intangible assets, as well as to have processes and procedures in place to create, inventory and use intellectual property rights associated with those assets. Investors must also have a reliable mechanism to determine ownership, scope and status of those IPR’s. Companies should also protect their business against the unauthorized use of third party IP to reduce risks of costly litigation. An IP Audit helps address these issues.

An IP Audit is an assessment of the intangible assets of a company. It helps to quantify the value of the intangible assets to the extent that such value depends on the legal right to those assets. The audit evaluates the strengths and weaknesses in the protection of a company’s IP. Where appropriate, the audit provides tools to develop additional processes, make improvements to existing processes, and suggests corrective measures to help ensure successful future capture.

Keeping things simple, our approach has 3 stages.  This is suitable whether you require a company wide audit or issue specific:

1.     Which products or services currently attract IP protection? 

2.     An assessment of current level of protection, strengths and weaknesses.

3.     Reporting, including proposed graded action points.

Contact us today to chat, or to arrange a time when we can get together, to discuss how we can best meet your requirements.