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IP Audit

An intellectual property audit is very important for companies which can develop and clear view of IP Rights it is similar to taking an inventory of any asset of the company owns. IP assets and related risks and opportunities of an IP audit clearly assesses the scopes of the rights, and implement best practices for IP asset management to identify what other protections are needed to secure value in the intellectual property owned by the company’s Products thorough the IP audit involves not only a review of a company’s IP assets, but also the company’s IP-related agreements, policies and procedures, and competitors, IP audits can help assess, preserve, and enhance Intellectual property Audit is part of a business and requires management just as does equipment, inventory, and accounts receivable. It inform the company about the intellectually property Protections Status.

Benefits of IP Audit

• IP Secure Rights on Trademark, Patent, Copyrights & Domain Names in IP Protection and Addressing Deficiencies
• IP audits help companies get ahead to identify what IP is owned. A successful business is well-managed
• If a business does not know what intellectual property it owns, it cannot manage that property and protect it from damage or loss.
• First important value of an IP audit . it owns so that it can make decisions as to the IP’s protection, development, and sometimes licensing and exploitation
• An audit may also reveal defects in chains of title and outline steps to correct them. Any existing IP-related agreements, such as licensing agreements, assignments, employment

Includes : IP Audit | IP rights | identify risks that a company’s products or services infringe another’s IP | IP Valuation | IP Due Diligence | IP Licensing | IP Audit Report

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