Examines the status of intellectual property rights. An IP Audit is conducted by an independent, objective and experienced specialist in intellectual property law. It helps to determine what resources and assets a company has at its disposal and what actions can and should be taken to improve the protection of intellectual capital. An IP audit can also focus on finding intellectual assets that previously were unprotected and add significant value to a business.
IP audit leads to the identification of potential legal problems and threats. IP audits can be related to the evaluation of past and current operations and aim to establish goals and strategies for future industrial property protection.
Among other things, it helps uncover previously unknown or underutilized IP assets. The IP audit report also indicates who has rights to the IP and their extent, their possible value and how to protect industrial property, copyrights and other intellectual assets. During an IP survey, any third-party threats or problems which may arise from past practice, are identified.
Used by new companies or partnerships that are beginning to establish an intellectual property protection system and implement protection standards and internal procedures. A general IP audit also helps prepare a foundation for a reorganization, transformation, merger or start-up in a new area.
connection with preparation for the sale or licensing of industrial property rights already owned (e.g., patents, copyrights, or design registration rights).
examining a specific sphere of industrial property protection or a specific problem indicated by the Employer. This is a type of IP audit with the narrowest scope. It usually results from an ad hoc need and is focused on a predefined component of intellectual property assets.
It can reduce the cost of operations and intellectual property management and decrease potential losses resulting from negligence or infringement. As a result of the examination, it is also possible to identify assets that can be a source of new income and intellectual property rights, the ownership of which does not bring benefits. In this way, revenues can increase. In addition, cost optimisation occurs. Analyzing the benefits and burdens of owning rights helps you decide whether it is worth protecting intellectual property and, if so, which rights and how.
for the regulations development and contracts with employees. It can also help you define the principles of cooperation with contractors, suppliers and customers to ensure the tightest possible protection of your capital and intellectual property.
Examining the status of intellectual property rights can also help you prepare and carry out the necessary actions for licensing industrial property and copyrights and preparing for the sale of your business or its shares or exclusive rights. An analysis of your intellectual property may also affect the evaluation of your company's shares, stock and business strategy.
prepare for protection against third-party infringements and identify directions for possible action. An IP audit also allows you to prepare for potential disputes, assessing the risk of liability for infringements that may be committed by the Employer.
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