Posts in Intellectual Property
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.

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What are the Basics of Intellectual Property?

Intellectual property (IP) law covers patent, copyright, trademark, trade dress, trade secret, and other related intangible assets rights. IP law protects owners of those assets from improper third-party infringement of those rights for their own financial gain.

Basically, IP law involves:

• identification of assets that should be protected;

• protection through formal registration and/or internal processes;

• maintenance of the rights through proper use, filings, enforcement, and/or internal processes; and

• guarding against infringement by third parties through enforcement programs, consumer education, adequate agreements, and litigation, when necessary.

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