A proper evaluation of intellectual property is essential in virtually all types of business transactions as well as in ongoing IP asset management. IP audits are also profitably performed as part of ongoing business strategy management. Moreover, these audits are essentially mandated by the securities reporting regulations of the U.S. Securities and Exchange Commission (SEC) in its regulations, including Sarbanes-Oxley Act (SOX).
This course provides practical tips and approaches to help you identify whether you and/or your organization should conduct an intellectual property audit or due diligence, and educates you on how to value the intellectual property rights that you have identified. At the end of this course you should be able to:
+ Explain the difference between intellectual property audits and due diligence.
+ Identify the reasons why intellectual property audits and due diligence are conducted.
+ Describe the regulatory and accounting rules that pertain to intellectual property audits.
+ Recognize how intellectual property audits and due diligence pertain to intellectual property valuation.
+ Describe how intellectual property assets are typically valued.