Why You May Need an IP Lawyer

2/25/2013

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If you own a lot of intellectual property, like let’s say you’re an inventor with a lot of patents or you own a company that has a lot of artistic works, then have you thought about hiring an IP lawyer? Or perhaps you’ve acquired a lot of IP from buying out another business or as an inheritance. In any case, if you find yourself owning or handling a lot intellectual property, be they artist’s works or logos, songs or patents, an intellectual property lawyer can help you out in many ways.

First, if you have no experience handling such works, then you should hire a lawyer that specializes in IP right away. The first thing they will do is perform an IP audit, which is, they will try and organize all the intellectual property you have and own and try to make sense of it. If you have a list of IP and everything is organized, then great, you may not need an IP audit! However, if you don’t have any experience with IP you will still need a professional. Different types of IP have different needs. Thing like patents and copyrights may have to be renewed or at least registered properly every few years. Then there’s the job of actually having to enforce your IP rights. Of course, your ultimate goal would be to make money from the IP you own. IP lawyers can help you find the best way of making money off your intellectual property through selling them or licensing them.

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Why You Need an IP Audit After a Merger

12/12/2011

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When you acquire a company or go through a merger, you want to be aware of all the IP (intellectual property) that the new company now owns. When a company is acquired or two companies become one, then there may be some confusion as to who owns what. An IP audit is therefore necessary as soon as possible. First, a company needs an IP audit so they can have an idea of all the assets they now own. That way, they can exploit all the IP they have and make profit, so that if can positively affect their bottom line.

Next, an IP audit is also important so that you can manage it. IP rights, patents, copyrights, trademarks etc. have a certain lifespan, and in this short period, you can have exclusive rights to your property before anyone can use it, or you can keep the rights to your IP as long as you don’t let it lapse. That way, you can keep your IP as long as you can, and you can maximize your profit. Many companies may own IP and they don’t even know about it – think of all the money they’re throwing away but not having an IP audit.
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Do You Know What is an Intellectual Property

11/14/2011

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Intellectual Property, also referred to as IP, is important to the operations and success of all companies. A company’s IP may include simple information like a customer list, which is significant to the success of the company. Hence, the list should be dealt with confidentiality.

A traditional definition of IP audit is the cataloging of the intellectual property assets of a business organization. An IP audit is a methodical and logical review of the IP used by the company, whether owned or acquired. The main goal of an IP audit is to identify all the IP that a business has.

An IP audit is not performed for accounting purposes, but rather an assessment of the legal status and worth of the company’s intellectual property, to accomplish the management and marketing goals of the company. An IP audit is a legal responsibility; therefore, it should be performed by a team of personnel with at least one legal counsel who is an expert in the intellectual property law.
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More About IP Audits

11/8/2011

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The marketplace is an aggressive zone. IP happens to be an added asset that comes along several benefits. An IP audit is helpful for organizations as they unveil the potentials that are already present. Several dedicated professional firms undertake IP audits. Generally a checklist is used for this purpose. The checklist is similar to a questionnaire and helps in uncovering vital business possibilities. However, your IP should be protected after it is uncovered.

In layman’s terms, an IP audit is an evaluation of the company’s intangible assets. From the legal angle, intangible assets are quite essential. IP audits are useful while evaluating the pluses and minuses involving the intangible benefits. An IP audit also provides certain tools, which are helpful for developing future plans, creating innovations, and making changes.

Intangible assets are extremely essential for all of organizations across the globe. IP audit mainly highlight the importance of intangible assets for an organization. There are several tools that help you obtain reports and bring about improvisations. These reports also help you work on backup tactics. The basic importance of an IP audit is to provide remedies and correct any defects. Working on defects will enable you to design better policies and grow your organization.
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Benefits of Intellectual Property Management

10/19/2011

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There are several benefits of Intellectual Property Management. This has been one of the most widely used methods for success.

Intellectual property management will distill all the important information about your intangible asses in form of a report. This report will let you reflect a light on the existing intellectual properties and develop them further. It will bring to light all those areas that have been compromised till now.

Intellectual property management is the easiest way to attain high growth for. With IP management you can create new roadmaps, developing valuable bonds or attain high levels of success. But make sure you are hiring someone who knows the importance of IP management in this era.

You can also visit on  ip attorney los angeles
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