Intellectual Property Checkups, or IP Audits, are a strong feature of The Intellect Law Group, providing you with business-critical information regarding some of your most important assets. Ask yourself these questions…

1. What is the status of the company’s known intellectual property? Are patent fees paid? Are trademarks registered or abandoned?

2. Do I need to copyright everything? What’s really worth protecting?

3. Is our new product line going to infringe a competitor's patent, trademark or copyright?

4. Is our new product line protected? If not, what are the options?

5. Is that new idea in development protectible? How best to protect it?

6. Are we losing valuable royalties or market share to an infringer?

7. Which of our trademarks are subject to strong protection? Do I want to bother investing money in weaker trademarks?

8. Do company policies properly secure trade secrets, confidential information and other intellectual property acquired through company efforts?

If you can’t answer these questions, you may be giving up a valuable competitive edge. Have our team visit your business, consult with your people and identify:

1. Rights in registerable intellectual property assets such as patents, trademarks, trade dress or copyright;

2. Rights in trade secrets, employee work-product, idea development, licenses or joint venture collaborations;

3. Rights acquired, conveyed or destroyed in the normal course of business relations;

4. Developing rights to online content, trademarks and business methods;

5. Early recognition of untapped intellectual property resources presently held by your company or the subject of mergers and acquisitions;

6. Technology or industry trends evident from industry-wide intellectual property filings;

7. Litigation risks associated with lateral hires, product development, marketing and roll-outs.

This information is as important to your business as a financial audit. Evidence indicates that the identification of intellectual property assets will improve a company’s financial ledger, providing resources with which to leverage financing, open new revenue streams and promote industry alliances through licensing or joint venture.