Intellectual Property Audit

The purpose of this paper is to define and describe Intellectual Property Audits, and contrast the Intellectual Property Audit with similar concepts such as Intellectual Property Evaluations and Intellectual Property Due Diligence Process. This paper also explains the purpose of an Intellectual Property Audit and discloses how an Intellectual Property Audit can be conducted taking into consideration factors such as the scope of the audit and the procedures to be used. Lastly, the paper provides a sample memorandum and a checklist of processes that can be reviewed in a patent audit.

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