In a company takeover, the transfer of intellectual property such as trade marks, patent rights and licence agreements is also included the business transaction. It's therefore crucial that both parties know how new and innovative the innovations of the company being disposed of are, because only enforceable patents can help to ensure a profitable monopoly position in the long-term and/or licensing revenues. In an article for iam Intellectual Asset Management, Paul Adams points out that a detailed analysis of the legal validity of patent applications or freedom to operate with regard to product portfolios is therefore an integral part of both parties’ due diligence.
ip-search’s tailor-made patent search can serve as the basis for an IP audit by buyers or sellers.