Defining the value of intellectual property (IP) assets is critical to any profitable IP sale, licence or acquisition. It demands a broad range of legal, financial and tech-nical expertise, all of which enable you to maximize profitability and minimize risks in transactions involving IP rights. Zacco’s value extraction services focus on advising clients on how to best leverage the commercial value of their IP portfolios. Depending on your specific needs, these services fall into one or more of the following areas: IP Audits, IP Strategy, IP Transactions, IP Valuations, and IP Due Diligence.
What is an IP audit?
An IP Audit is a very comprehensive review of a company’s IP assets, including patents, trademarks, designs, copyrights, know-how, and trade secrets. The IP Audit will reveal how effectively you can use your IP assets to protect your business and it will provide an inventory of information relevant to the creation, maintenance and use of IP assets. The audit is also an important way to obtain and/or sustain confidence at large as it not only helps you to assure that your IP assets are in good shape, but gives you relevant information about how well you handle processes and procedures relating to IP. With that knowledge, the IP Audit can help you address both present and future challenges in a company.
Why do an IP audit?
Today IP has become a significant part of a company’s value and it is important to understand the scope of the IP assets to secure this value. There might be hidden facts that may prevent you from enforcing the IP assets due to:
- Existing agreements
- Prior art
- File history
- Due payments
By identifying all issues related to your IP assets, you can assess them accordingly. A well conducted IP Audit will provide guidance on how to deal with challenging situations that the audit itself might reveal. This does not only avoid unnecessary costs, but maximizes the return for your investment. The results from an IP Audit can be used as a complement or input to an IP strategy or to a commercial strategy project. It is also an excellent way for the management team to get a screening of your IP portfolio. The results from an IP Audit can also be used in different financial situations, such as if you are in dialogue with external investors or with your bank, where you need to justify the value of your IP assets.
When to do an IP audit?
There are many different reasons for performing an IP Audit. That is why each client has its own personalized IP Audit made at Zacco, making sure it will be in the best interest of your business. Zacco has conducted IP Audits in connection with several different situations, which may also be relevant to your business:
- Internal IP Audits for Executives
- Company Mergers & Acquisitions
- Acquisition or Licensing of IP assets
- Initial Public Offering
- Security for Insurances, Loans, Trades, etc.