IP audit may be defined as a systematic review of the IP assets owned or developed, used or acquired by a business. Audit is not just an inventory but also an analysis.

¨IP Audit  includes all IP assets or focus on specific technologies or issues

• Issued Patents
• Prosecution File History
• Validity Opinions
• Company’s Ownership
• Actual Assignments
• Implied Assignments
• Implied Licens

Identification, organization and review of a client’s intellectual property assets and potential liabilities

• Ownership
• Recordation of transfers
• Perfection of security interests
• Compliance with statutory formalities
• Infringement on third party rights
• Client’s rights being infringe