• Intellectual Property
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• IP Audits
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Intellectual Property Audits

An Intellectual Property Audit is a
systematic review of your business structures and activities with the
objective of identifying any intellectual property (IP) that you may own, acquire
or use.

Further, an IP Audit will assist you in protecting, exploiting and commercialising your IP, and ensuring that you do not infringe upon any intellectual property rights associated with third parties.

It is very important to have an IP Audit carried out in order to establish:

• whether or not your IP rights are registered (if possible to do so);

• the legal owner of IP rights and, if you are not the legal owner, identify any conditions that may apply to your use;

• whether your IP is being effectively used;

• whether your rights are being challenged or infringed upon by third parties;

• whether you have implemented an effective IP management and maintenance plan; and

• records of your IP creation and ownership (via an IP Register).

Outcome of an IP Audit

Upon completion of an IP Audit, we will provide you with:

• valuable information about the IP assets that your business owns and has a right to use;

• any defects in IP ownership; and

• an outline of risks associated with the use of certain IP, which may constitute infringement of third party rights.

An IP Audit will also identify the importance of the IP to the current and future profitability of the business, through proper management and exploitation of commercialisation opportunities and identifies improvements in the treatment and handling of the IP within your business.

Further assistance

At the conclusion of an IP Audit, we will assist you with implementing our recommendations made in the IP Audit, For example, by attending to registration of the relevant IP on your behalf or implementing the necessary arrangements and/or other methods of protection.