Intellectual Property Strategy Review (IPSR)

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Most successful businesses are underpinned by intangible assets – Intellectual Property, or “IP”. In order to identify and maximise this key asset, its monetary value must be identified and then leveraged as a recognisable USP and key driver in mergers, acquisitions and investments. IP must also be valued for the purposes of budget planning to produce cost effective product and brand protection within an ongoing IP strategy, as well as when considering exit strategies following the sale of a business.

What is an Intellectual Property Strategy Review?

An ACID Intellectual Property Strategy Review (IPSR) is available free of charge to ACID Corporate Members (categories 5-8 inclusive). The IPSR involves completing the questionnaire, which will then form the basis for discussion with one of our IP Specialist Legal Affiliates, which normally involves an hour’s video call via Zoom or Teams.

The ACID IPSR provides:
  • A comprehensive explanation about the benefits associated with your ACID membership
  • An excellent opportunity for ACID and its accredited lawyers to find out more about your business and what is important to you, with a view to developing a bespoke strategy for the protection of your intellectual property
  • A thorough review of your design creation process, with a view to ensuring that all necessary steps are taken to secure protection for your intellectual property. Wherever possible, this would include meeting members of your design team and viewing any factory premises to see the manufacturing process in operation
  • Practical advice on how to ensure that your company is fully protecting, exploiting and reinforcing its IP rights
  • A review of any design registrations and discussion on possible future registrations & portfolio strategy
  • A review of any trade mark registrations and discussion on possible future registrations and brand management strategy
  • An initial review of any contracts that you use (for example, any standard terms and conditions that you use with third parties, contracts of employment and licence agreements) and recommendations on a more thorough review which may be required after the audit
  • Consideration of any examples of potential infringements of your rights which you may have
  • A question and answer session to allow you to ask any questions that you have about intellectual property protection, exploitation and enforcement, or any other legal issues

A follow up summary and recommendations document will be provided following the IPSR. Should any ACID corporate member wish to implement a full IP Audit together with budget recommendations they will need to negotiate this separately with the accredited law firm involved.

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