A company’s most valuable assets are often its technology and the intellectual property rights in that technology. However, these assets could be underutilized or lost if they are not identified and protected. Likewise, they could be undervalued when it comes time for seeking investors to contribute to the company, or purchasers to acquire the company. This article outlines the reasons for conducting an IP and IT audit, and the steps in completing this audit.
Chris Bennett, Partner of Davis LLP's Vancouver office, authored this article that originally appeared in the November 18, 2011 issue of The Lawyers Weekly, published by LexisNexis Canada Inc.
To read the complete article, please visit The Lawyers Weekly to obtain the digital version or download the PDF.