Patent Due Diligence (IP Due Diligence)

What is Patent Due Diligence?

Patent Due Diligence is the process of examining a company’s patent or set of patents to support their business objectives. Patent Due diligence helps an organization to assess various perspectives as they acquire patents. It helps them to get information whether a patent is valid or enforceable.

Patent Due Diligence helps the organization to ascertain that patent claims are valid and there are no issues related to enforceability of the patent.

When is it suitable to do Patent Due Diligence?

Various organizations conduct patent due diligence while having an internal audit, patent or company acquisition, valuation of company or IP assts. The suitability to conduct a Patent Due Diligence is:

• During the times of merger and acquisition to know the value of IP assets.
• When IP assets are being monetized i.e. Licensing or Divestment
• When you receive a legal notice
• While developing sets of Single patents

Benefits

The benefits of conducting Patent Due Diligence are:

• • Aids in the detection of formal issues with intellectual property rights.
  • It enables the prompt rectification of any discrepancies before the implementation of a legal contract.
  • Protects the deal from being declared null and invalid or undervalued by the purchaser owing to unexplained issues.
  • Independent of the purchase/sale circumstances, the service might be beneficial to any owner of industrial property rights who desires to audit their assets.