Intellectual Property Audits
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Transcript of Intellectual Property Audits
INTELLECTUAL PROPERTY
PROTECTION- TIME DRIVEN
MAINTANENCE- PERIODIC
ASSET IDENTIFICATION
EXPLOITATION- FRAGMENTED
RISKS- MULTIDIMENSIONAL
WIPO DEFINITIONA Systematic Review of the IP Assets
Owned, Used or Acquired by a Business
4 FOLD PURPOSE UNCOVER UNDER-UTILIZED ASSETS DEVISE INFORMED STRATEGIES MAINTAIN & IMPROVE MARKET POSITION INVENTORY OF ACQUIRABLE IP
GENERAL AUDIT COVERS ALL IP WIDE SCOPE &
GENERAL OBJECTIVES
SPECIFIC AUDIT/EVENT DRIVEN
COVERS SPECIFIC IP COVERS SPECIFIC
EVENT NARROW SCOPE &
MORE SPECIFIC OBJECTIVES
WHY IP AUDIT
INVENTORY CREATION
RIGHTS MANAGEMENT
ASSESS PORTFOLIO
FUTURE MANTAINANCE
EFFECTIVE ECONOMIC
USENEW CREATION & ACQUISITION
MINIMIZE INFRINGEMENT
RISK
COMPETITIVE ADVANTAGE
HOW IS IT CONDUCTED
STRATEGY FORMULATION
NECESSARYACTIONS
CATALOGING
AN ILLUSTRATION
INTERNAL ASSET
PRODUCT LIFE
EXTENT OF USE
IMPORTANCE
VALUE($)
A WORD OF CAUTION!
IP AUDIT HAS BOTH LEGAL AND MANAGEMENT ASPECTS
ANALYSIS OF CATALOGED IP FOR FURTHER
ACTIONS
LEAVE IT TO LEGAL EXPERTS
ONCE CATALOGED AND ANALYZED BY
LEGAL EXPERTS
STRATEGIC MANAGEMENT
DECISIONS
Statement of rules & procedures governing IP setup in an organization› Generation› Ownership› Protection› Confidentiality› Benefit Sharing› Recognition
Various steps an entity has to implement to ensure that IP created by a personnel in the entity is appropriately protected› IP hygiene› Prevent loss of IP› IP Awareness = More IP Assets
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