IP PORTFOLIO MANAGEMENT
Intellectual Property Management and Protection.
Intellectual Property Management and Protection.
Nearly every company has at least some kind of proprietary intellectual property, including perhaps most importantly, its name and logo. IP audits are useful tools to classify a company’s IP assets and determine what kind of protection is neccesary to secure these proprietary assets from theft or misappropriation.
Effective due diligence and professional intellectual property audits may uncover hidden intellectual property rights. Moreover, IP audits will help businesses identify ways to maximize long-term profits and returns on IP investments through licensing opportunities. IP audits fundamentally enable a company to evaluate both existing and potentially missed opportunities for claiming proprietary rights to processes and procedures. IP audits entail identifying vulnerabilities developing strategic methods to protect business assets. Our trademark attorneys can analyze your company’s intellectual property portfolio and suggest ways to maintain and even maximize existing intellectual property rights.
Due diligence involves the review and assessment of existing company agreements and transactions to help determine where existing vulnerabilities exist.
For example, due diligence reviews include but are not limited to the following evaluations:
Internal company agreements and protections
Business compliance
Corporate governance
IP Licensing Agreements
Trademark and brand assets
Review and evaluation of enforcement programs for effectiveness, efficiency
Review of technology transactions for adequate protection and compliance
Software licensing compliance
Data protection and storage
Website agreements
Startups often fail to implement invaluable software agreements that could leverage important intellectual property assets. Similarly, larger companies may fail to recognize potential licensing opportunities or provide sufficient legal protection within their web policies.