IP Audit Solicitors

Intellectual property (IP) has the potential to drive the growth and value for your business by delivering competitive advantages and creating new revenue streams.

Understanding what intellectual property your business has and identifying its strategic importance to your business.

Conducting an IP Audit is the first step towards realising the value of such assets.

What is an IP Audit? 

An IP audit is a systematic review of the IP assets (including registered and unregistered, existing and future) owned or used by your business.

The Intellectual Property Audit will help you to:

• identify existing and potential IP assets;
• identify issues around ownership of the IP assets which are strategic to your business;
• identify coverage and gaps in protecting the relevant IP assets;
• identifying IP assets of 3rd parties which your business uses, which may pose a risk for your business;
• identify under-utilised assets that can help your business generate revenue; and
• providing IP-specific recommendations to help you best manage, protect and exploit its IP assets.

Our IP Audit Reports are flexible and tailored around the needs and goals of your business – some businesses may benefit from quite a broad review of all their IP assets, and others may benefit more from an audit delving into very specific IP-related issues.

An IP Audit can be carried out at any time.

However, key times to think about conducting an intellectual property audit are:

• Our intellectual property experts advise clients on a broad range of intellectual property matters, from initial registration and exploitation to protection and enforcement.
• Our specialist IP litigation team is also highly experienced in handling business disputes involving intellectual property.
• Myerson is a member of the Intellectual Property Lawyers Association (IPLA), an association of law firms with an established intellectual property office. Our membership provides our clients and us with access to a wealth of knowledge and expertise in intellectual property.
• Through our many years of service, we have close working relationships with trade mark and patent attorneys and regularly liaise with them on a wide range of intellectual property issues, such as registering trademarks, patents and design rights, and when disputes arise concerning intellectual property rights. These working relationships are a key element of the service we offer to our clients.
• Myerson is also the Manchester and Cheshire law firm member for the MSI Global Alliance, a top 20 ranked international association of independent professional firms. As the IP matters we deal with often involve an international element, we can call upon the expertise and knowledge of our fellow MSI members to ensure that our client's global interests are protected.