By reviewing a company's complete business operation, we can help them develop an overarching strategy for their intellectual property. An intellectual property audit can help educate a company's staff on internal development and management of intellectual property assets, identify core and non-core asssets, identify potential third party infringers and licensing opportunities, and ensure compliance with current intellectual property contracts, such as licenses and contractual agreements. Audits can include risk evaluations of intellectual property in order to recognize and manage risk.
IP Audits can assist a company with determining future technical challenges so they can concentrate on targeting intellectual property to overcome these issues, placing the company ahead of competitors. Internal development includes procedures to preserve and protect trade secrets and potential patent rights and addresses procedures for disclosure by inventors.