Bronx New York Checklist for Intellectual Property Audit

Name: Bronx New York Checklist for Intellectual Property Audit
Brand: US Legal Forms
Rating: 4.66 (467 reviews)

Category:

Technology - Licenses

State:

Multi-State

County:

Bronx

Control #:

US-13006BG

Format:

Instant download

Description

All companies have intellectual property challenges and opportunities. Many businesses, however, are not aware of the intellectual property assets they possess, much less the means to protect them and maximize their value. This form is a generic intellect

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FAQ

The Benefits of doing an Intellectual Property Audit Increase revenue and gain a competitive advantage over competitors. Manage IP an organisation can determine how best to manage its IP. Protect your IP through knowing your IP you can decide whether to protect or share it.

Internal audit conducts assurance audits through a five-phase process which includes selection, planning, conducting fieldwork, reporting results, and following up on corrective action plans.

Definition of an IP Audit (2) IP audit involves undertaking a comprehensive review of a company's IP assets, related agreements, relevant policies and compliance procedures. (3) An IP audit helps a business to make an inventory of its IP assets or update it and analyze: a. How the IP assets are used or unused.

Intellectual property or IP refers to anything that has been created, like designs, inventions, brand names, and literary works. IP is protected by law, for example through copyright, patents, and trade marks, so the author has sole authorisation over who can use and distribute their work.

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.

Understanding the different types of intellectual property is an important knowledge that all in-house counsel should master. Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

Research. The purpose is to gather as much relevant information as possible on the way your IP assets relate to internal and external relations; your business strategy; other business assets; your current IP management situation; any existing IP disputes; and ties to the financing of your company.

The first step in preparing an IP audit is to make sure you are clear on its purpose. This means determining the type and scope of the audit, as well as the time and money available for it. These early-stage decisions will have a significant impact on the conduct of the audit and its outcome.

Know the 3 Main Types of Intellectual Property Protection Patents. 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.

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IP Audit Checklist (example) . Section VI: RFP Part 2 Proposal Package – To Be Filled Out By Proposers .Each year, Bronx Arts 2 will have clean audits absent of any cited issues. 2. Provided in the checklist in Section XIII of the Proposal Narrative.

Bronx New York Checklist for Intellectual Property Audit

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