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ARTICLE · 04 OCTOBER 2021

IP Audit: What Is It All About?

Khurana & Khurana, Advocates and IP Attorneys
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Intellectual Property (IP) has been gaining prominence around the world. The major impact that IP is making in the market is unfathomable.

GlobalIntellectual Property
Saransh Chaturvedi
Saransh Chaturvedi
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Intellectual Property (IP) has been gaining prominence around the world. The major impact that IP is making in the market is unfathomable. Probably with the large trend of IP awareness the companies are becoming more and more diligent in strictly making safeguarding their IP to the fullest. Effective and timely registration of IPs is now what the company strives for. They cannot take any risk when it comes to their IPs, since it is the IP that derives profit for the company. In one of the documents released by WIPO, it stated some of the surprising facts which reiterate the prime concern of how important the  IP audit can be. Some facts were:

  • In the US, nearly 40% of the market value of an average company is absent from its balance sheet.

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