Following best practices in IP enables a company to identify, protect and manage IP efficiently. Keeping IP alive is as important as protecting it. Many a time, IP can be lost due to non-payment of renewal fee, inadvertent publication, delay in filing statements with patent office, in appropriate marking, non-disclosure of necessary information and so on. In the process of keeping up with day to day activities, IP departments may […]
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My earlier posts have elucidated the value of an audit for improving financial value, uncovering IP, establishing mechanisms and putting IP in order. As you can see, an audit has a variety of benefits and is performed for different purposes. One of the important purposes for which audits are performed is licensing. IP Licensing includes a set of transactions that require IP verification, due diligence, positioning, grouping and documentation, which […]