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The first stage of any audit procedure is to verify the current intellectual property assets held by the business. This process involves a few different things ? first, assessing the quantity and type of data held about the portfolio.
An IP Audit is a systematic review of the intellectual properties owned, used or acquired by a business so as to assess and manage risk, remedy problems and implement best practices in IP asset management.
Getting ready for an IP audit Your company's IP policies and strategies if they exist. Standard agreements that may have an IP component, like employment and non-disclosure agreements and supplier arrangements. A list of key employees creating IP assets and their employment agreements.
Getting ready for an IP audit A list of IP assets you own and related documentation, including: registered assets like copyrights, domain names, industrial designs, patents, utility models and trademarks. other unregistered assets like software, trade secrets, and unregistered copyrights.
This check list identifies information helpful in evaluating the state of a Company's intellectual property portfolio, policies, and practices. A goal of any IP due diligence effort is to understand the Company's business and how the Company's IP protects and furthers that business.
How do I prepare for an ISO audit? Understand relevant procedures, work instructions, standards, laws and regulations. Identify areas to be audited, including outsourced processes. Requesting permission from the auditee on the area being audited, including documented information that requires access and is confidential.
How to conduct an IP Audit Get buy-in from the relevant individuals. ... Create an IP Register for the specific review. Request and gather existing policies, agreements, registers (such as an IP register), information, and documents (such as an IP Strategy Document) that are relevant to an IP audit.
How Can You Create an Internal Audit Checklist for Your Company? Review the company's policies and procedures. ... Assess the company's risk level. ... Tailor the checklist to meet the specific needs of the company. Include all the essential areas that need an audit. Check the company's quality management system documentation.