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Not only will an IP audit help identify potential trade secret information but can also help solidify secrecy of that information. An IP audit can help ascertain whether your business is taking reasonable steps to prevent disclosure of proprietary information by employees, vendors and business partners.
Ten ways to protect your intellectual propertyList all your IP assets.Check that your IP idea is original.Record the evidence of IP development.Prevent IP theft through contracts.Seek advice if you are unsure you are protected.Protect your IP early as registration takes time.Guard against IP infringement online.More items...
An intellectual property (IP) audit is a tool for identifying your potential IP assets. Ideally an audit should be carried out by professional IP auditors, but often a preliminary audit can be done in-house, within your company. Through an IP audit you can make an inventory of your potential IP assets.
The purpose of doing an intellectual property auditEvaluate the assets determine whether they are important or not. Establish ownership establish whether the organisation or a third party owns the IP assets.
Know the 3 Main Types of Intellectual Property ProtectionPatents. If you have come up with a new invention, you may want to consider protecting it with a patent.Trademarks. Let's say that you have come up with a great new name for your brand, company or product.Copyrights.
Here are five different ways to protect your intellectual property.Register copyrights, trademarks, and patents.Register business, product or domain names.Create confidentiality, non-disclosure or licensing contracts for employees and partners.Implement security measures.Avoid joint ownership.
How to conduct an IP AuditGet buy-in from the relevant individuals.Create an IP Register for the specific review.Request and gather existing policies, agreements, registers (such as an IP register), information, and documents (such as an IP Strategy Document) that are relevant to an IP audit.More items...?
An IP Audit is a systematic review of the intellectual properties owned, used or acquired by a business so as to assess and manage risk, remedy problems and implement best practices in IP asset management.
Following are the best ways on how to protect intellectual property rights:Apply For Trademarks, Patents, and Copyrights.Never Stop Innovating.Arrange Some Evidence While Innovating.Separate Teams.Get the Intellectual Property Infringers Punished.Avoid Joint Ownership For Intellectual Property Rights.More items...?
Copyrights, Patents, Trademarks, and Trade Secrets Four Types of Intellectual Properties. If you are a business owner, you should familiarize yourself with the four types of intellectual property, otherwise known as IP.