IP Protection and Audit
Mapping Innovations and Channelising them to suitable Intellectual Property. Filing to grant IPR Service support for Patents, Trademarks, Copyrights, and Geographical Indications & Designs in India & Abroad.
In most of the cases, SMEs do not have sufficient knowledge, money and resources to conduct a full intellectual property audit in their businesses and find it difficult to build an IP portfolio describing a calculated value of their IP assets.They never realize the loss occuring due to avoidance of intellectual property importance in their businesses. In short, the Intellectual Property Audit means an assessment of the company's assets.
An IP Audit is defined as a systematic review of the IP assets owned, used or acquired by a business. Its purpose is to uncover under-utilized IP assets, to identify any threats to a company's bottom line, and to enable business planners to devise informed strategies that will maintain and improve the company's market position.
Objectives
- Involves the identification of a company's intangible assets such as Patents, Licences, Brands, Trade secrets, Designs, Manuals and know-how.
- Enables a company to identify successful and obsolete technologies.
- A company wide appreciation of the true value of a brand, a patented technology or a design which will itself increase the value of the IP.
- Helps take stronger negotiating positions and robust long-term alliances forged.
Deliverables
1. Identification of IP
The audit helps in identifying IP in the processes / echnologies / products present in the Organization.
2. Mapping of Innovations currently existing and present a strategy for protection
A report will be submitted at the end of the IP audit process which will showcase how the innovations present in the organization can be protected and what kiind of IP Protection is suitable for them.
3. Present the current status of IP culture across the Organization.
The questionaire will help in assessing the fundamental and functional IP Awareness of employees across the various cross sections of the Organization.
