Intellectual Property Due Diligence

IP due diligence is basically an audit to assess the quality of an IP right. Typically, IP due diligence is carried out prior to acquiring or taking a license of an IP right.

An IP due diligence normally deals with the status of the IP right, its ownership, possible contractual issues related to the IP right, the validity of the IP right, the protection conferred, the legal enforceability, possible conflicts with third party rights.