IP AUDITING

If you do not know where you are, how would you know how to get where you want to go?

Knowing where your business stands, in terms of Intellectual Property assets, determines the tools and strength the business has to compete in the marketplace.

Intellectual Property Auditing does focus on intangible assets and compliments financial audits by providing a fuller picture of your business.

Intellectual Property Auditing is the systematic process of obtaining and evaluating evidence of value in a business created by Intellectual Property rights and other intangible capital.

Intellectual Property Auditing searches for value beyond the company’s tangible assets and Intellectual Property rights. Intellectual Property Auditing includes also Intellectual Capital and Intellectual Assets.

Intellectual Capital is the difference in value, both positive and negative, created by the contribution of key Employees, a specific business Organization, employed and proven Business Methods, loyal key Customers, trustworthy Distributors, and reliable Suppliers.

Intellectual Property Assets include much more than registered Intellectual Property rights (Patents, Trademarks, and Copyrights), it includes also Trade Secrets, Know-How, Show-How, Contracts, Licenses, Permits, and Business Agreements.

Conducting an Intellectual Property Audit will provide your business with a complete picture and the elements to extract the maximum value of your assets, command higher prices for your products, reduce your production costs, establish legal barriers and differentiate your business from your competitors, augment your market share, and leverage financing.

A GOLAB IP Auditing Attorney will expose existing, but unperceived, Intellectual Property assets and help your business harvest the maximum return from them.