Massachusetts Checklist for Intellectual Property Audit
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How to fill out Checklist For Intellectual Property Audit?
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The purpose of doing an intellectual property auditEvaluate the assets determine whether they are important or not. Establish ownership establish whether the organisation or a third party owns the IP assets.
Not only will an IP audit help identify potential trade secret information but can also help solidify secrecy of that information. An IP audit can help ascertain whether your business is taking reasonable steps to prevent disclosure of proprietary information by employees, vendors and business partners.
Ten ways to protect your intellectual propertyList all your IP assets.Check that your IP idea is original.Record the evidence of IP development.Prevent IP theft through contracts.Seek advice if you are unsure you are protected.Protect your IP early as registration takes time.Guard against IP infringement online.More items...
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
An IP audit needs to be taken to address any possible infringement or freedom to operate issues linked to new product development and launch of such a product on the market. - IP licensing A potential licensor has to ensure, for example, that it actually owns the IP that is sought to be licensed to others.
Here are ten tips to help you protect your intellectual property (IP) and get your IP strategy right.Identify your IP.Understand your options.Keep it confidential.Protect your idea or brand by registering it.Be cautious in commercialisation.Track your costs.Research your market.Get business know-how.More items...?
How to conduct an IP auditnature/description of the asset.how it works and how it is used.its stage of development (e.g. proof-of-concept, prototype, trials etc.)the owner of the IP asset and any problems that exist with ownership.the inventors, creators or authors.when and how the asset was created or acquired.More items...?
Know the 3 Main Types of Intellectual Property ProtectionPatents. If you have come up with a new invention, you may want to consider protecting it with a patent.Trademarks. Let's say that you have come up with a great new name for your brand, company or product.Copyrights.
IP due diligence is essentially an audit to assess the quantity and the quality of intellectual property assets owned by, or licensed to, a company, business or individual. It should also include an assessment of how intellectual property is captured and protected by the relevant company or business.
Here's what they recommend:Don't File Patents.Run Lean And Fast.Separate Teams.Open-Source It.Avoid Joint Ownership.Get Exact-Match Domains.Safeguard With Strong Access Control.Get Strong Non-Disclosure Agreements.More items...?