Resources for Sarbanes-Oxley (SOX)

Managing Value in a Shrinking Economy: the IP Audit

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Conducting an IP audit is a way for a firm to assess the nature and value of its intellectual property assets. Such assessments may be critical and more commonplace in certain industries, such as IT and pharmaceuticals. However, in the wake of legislative changes and the current economic downturn, the potential value in conducting an IP audit may have become clearer in other industries as well. Generally speaking, IP audits are either externally or internally driven. Externally driven IP audits are performed in response to triggers such as infringement litigation, bankruptcies, funding transactions, or transactions involving the sale of the business or certain assets. Under this circumstance, IP audits are often performed under time constraints and are, by their nature, reactive.

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