IP Audit

An IP audit is a thorough review of a company's intellectual property (IP), such as patents, trademarks, copyrights, and trade secrets. The purpose is to assess the value, protection, and usage of these assets. During the audit, experts identify what IP the company owns, check if it's properly registered and protected, and evaluate any potential risks or infringements. This process helps businesses understand their IP landscape, improve their strategies for innovation, and ensure compliance with legal requirements, ultimately enhancing their overall value in the market.