IP Audit: Forging Productivity In IP Portfolios

The Perks of an IP Audit

Intellectual Property (IP) is one of the most valuable assets of a modern day enterprise as it is non exhaustive, high return yielding and it acts as an instrument to establish leadership in the relevant market. IP has the potential to explore extensive business opportunities and attract voluminous profits for a commercial entity. For example, Nokia's IP licensing arm generates about $600 million in steady royalty income every year. The transfer of rights in the Mobility technology by Motorola to Google brought fortunes to the former worth $12.5 billion.

Often is the case that enterprises fail in ascertaining the full worth of their IP and hence avoid to act towards protecting it. Consequently, this leads to undervaluation of the IP assets and substantial loss to the IP owners in terms of failure to explore business opportunities.