An intellectual property (IP) audit is a process of reviewing and analyzing a company’s nature of business, identifying the list of intellectual property assets, and advising the business owners to protect their intangible assets and assess their value and potential risks.
It is like a "check-up" for the IP in your business.
- what intangible assets do you possess
- how could they be protected
- how could they be exploited
- what business processes could be improved
A good IP audit ensures:
- identification of uncovered or under-utilized assets
- review of licensing decisions
- suitable anti-infringement actions
- uncover unused or under-utilized assets.
- Determine Ownership of these assets.
- Identify any related threats, i.e., infringement from your side or by others.
It is an essential tool to understand the strengths and weaknesses of a company's intellectual property portfolio that helps the company:
- to maintain its competitive edge
- evaluate risks and opportunities
NextNex gets into the skin of your business during an IP Audit. It determines the game plan for your organization’s IPs. The offering includes:
- comprehensive audit
- strategic approach
- expert advice