Intellectual Property Audits

Most organizations do not have a concise, accurate description of their intellectual property: their patents, applications, trademarks, copyrights, trade secrets, etc. This can make managing the portfolio of assets time-consuming and needlessly expensive. Further, many organizations are unaware that the technology they rely on may be used only because they have a license. Many of those licenses terminate when the organization is sold.

Potential sellers should prepare their portfolio of intellectual property to make due diligence easier on the buyer; it increases the price the buyer will be willing to pay and increases credibility. Buyers can do a lot with public records before they approach a potential target to learn what the status of the target’s intellectual property is, which can significantly reduce the uncertainty and the cost of the transaction.

An intellectual property audit is the first step in developing a strategic plan to manage and optimize and intellectual property portfolio. Arnold & Knobloch has the ability to do just that. Contact us now to learn how we can help your organization.