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Auditing patents involves reviewing existing patents, evaluating their relevance to your business, and identifying any gaps in protection. A careful examination of legal documents and associated claims is critical. By following the Wyoming Checklist for Intellectual Property Audit, you can ensure a comprehensive review that reinforces your business's patent portfolio.
You can check for patents by using official patent databases, such as the United States Patent and Trademark Office website. These platforms allow you to search by keywords, patent numbers, or inventors’ names. Implementing the Wyoming Checklist for Intellectual Property Audit can provide a structured approach to this task, ensuring you don’t miss any key details.
During an intellectual property audit, patents are verified by cross-referencing the registered patents against the company’s records. This ensures that all patents listed are up-to-date and accurately reflect the business’s innovations. Utilizing the Wyoming Checklist for Intellectual Property Audit can streamline this process, helping you maintain compliance and avoid potential disputes.
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.
You can find federally registered marks and pending applications using the USPTO's Trademark Electronic Search System (TESS). The results also tell you if a mark is still live (registration is still active), and link to more information about it in the Trademark Status & Document Retrieval System.
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...?
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.
Generally, there are three types of IP audits: General purpose IP audit, Event2010 driven IP audit and Limited purpose focused IP audit.
Protecting your startup from intellectual property infringement: Free online searchesStep 1: Use a search engine to search names for your company, services and wares.Step 2: Check for registered trademarks online.Step 3: Check for patents.Step 4: Check for copyright.References.
Generally speaking, the creator or originator of an idea, work, or novel invention is presumed to own the copyright to their creations. However, if the work was created as a part of a work-made-for-hire agreement, or in an employer-employee agreement, the copyright belongs to the employer.