Checklist for Intellectual Property Audit
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FAQ
Copyrights. Trademarks. Patents. Trade Dress. Trade Secrets.
An intellectual property (IP) audit is a tool for identifying your potential IP assets.Uncover unused or under-utilized assets. Determine ownership of these assets. Identify any related threats, i.e. IP infringement from your side or by others.
An intellectual property audit is a systematic review of a company's IP assets and related risks and opportunities.A thorough IP audit involves not only a review of a company's IP assets, but also the company's IP-related agreements, policies and procedures, and competitors' IP.
There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets.
Income method. The income method is the most commonly used method for IP valuation. Market method. The market method is based on a comparison with the actual price paid for the transfer of rights to a similar IP asset under comparable circumstances. Cost method.
Keep it under scrutiny. Be aware of your Intellectual Property Rights. Consult an expert. Double check if your idea is unique. Hire an auditor. Keep a record of almost everything related. Protect your IP without delay.
Understand the Protections Available for Your IP Assets. Establish Goals for the Audit. Identify the Stakeholders and Align Yourself with Their Interests. Discovery. Select a Program and Create a Centralized Catalog. Establish or Review the IP Assets' Valuation. Review Your Contract Management Process.