What is Intellectual Property Due Diligence?
IP due diligence is an important factor in understanding the value of a company’s intangible assets. Due diligence is often performed in connection with the preparation for sale of a business or the IP. However, perfuming IP due diligence on some periodic basis, without the expectation of any sale of assets, can help owners understand the value of their assets as well as where there may be some protection lacking, the need to expand or minimize efforts for protection.
IP due diligence consists of a very detailed audit of all the intellectual property of a company and how it is maintained, handled, licensed, protected, and disclosed. Due diligence examines any issues for and the scope of protection of the IP, the expected revenue as well as expenses stemming from the various IP, and any agreements with third parties that involve the IP.
Klemchuk PLLC is a leading IP law firm based in Dallas, Texas, focusing on litigation, anti-counterfeiting, trademarks, patents, and business law. Our experienced attorneys assist clients in safeguarding innovation and expanding market share through strategic investments in intellectual property.
This article is provided for informational purposes only and does not constitute legal advice. For guidance on specific legal matters under federal, state, or local laws, please consult with our IP Lawyers.
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