Intellectual Property (IP) is a key asset of any organisation, yet many don’t appreciate the extent of the IP they own – and how valuable it is to their business.
Our IP Discovery exercise is part of an IP Audit, which involves a complete evaluation of all the IP your organisation owns. This can include a review of the following:
copyright
design rights
trade marks/brand protection
patents
working with third parties and how this can affect your ownership of IP
commercial agreements (such as terms and conditions, licence agreements and franchise agreements).
In-depth assessment of your intellectual property rights
Each IP Audit is unique and tailored to your specific needs. It involves an in-depth examination of all the IP rights associated with your organisation, from which we can provide legal and practical advice on how to protect and commercialise it most effectively.
Knowing what IP your organisation owns adds value to your business, and helps you protect it in much the same way as you would any other asset.
Identifying IP-related opportunities
Our IP Audit also highlights potential opportunities, by helping you better understand what IP you already own and how you might monetise its value.
You needn’t be a big business or organisation to benefit from an IP Audit. Small businesses often don’t realise they own IP that can generate additional income, or even that they need to protect it from someone else using it. It’s a worthwhile and often revealing exercise.
Our team has conducted over 100 IP Audits since 2012, covering a wide range of sectors, including:
agri-tech
fitness and leisure
food and drink
healthcare
management consultancy
tourism
retail.
To discuss the potential scope of work for an IP Audit, get in touch with one of our expert team.
