Brief about Intellectual property due diligence The intellectual property due diligence services (IP due diligence), as well as the Intellectual property assessment, can be done to investigate the ownership carried out to ascertain the val-ue of the intellectual property, and it has also given the significance of a company's intangible assets; Intellectual property due diligence has evolved into a crucial component of the legal due diligence procedure If we see any business transaction involving Intellectual property due diligence then the due diligence has been carried out to examine the strength, scope, and pro-spects that could be attached to different intellectual property like copyrights, patents, and trademarks. Businesses cannot be negotiated the need to do due diligence on patents to re-duce risks. Proper due diligence plan implementation yields several benefits for all parties in-volved. In another sense, intellectual property due diligence services furnish comprehensive information about the company's tangible or non-tangible assets. At Enterslice, we offer a va-riety of services. Intellectual property due diligence and related to Intellectual property as-sessment, which includes expert consultation, documentation process, compliance assistance and tax planning, and other compliance related to your business. What is the meaning of the term IP (Intellectual Property)? Before jumping directly to the contents of intellectual property due diligence as well as the intellectual property we need to discuss the term intellectual property; it is the creation of the human mind, which includes the literary, inventions, artistic work, trademarks, and logos that can be used in the current trends of trade and commerce. Intellectual property due diligence gives value to the human creation through its intellect in the broad category of copyrights, patents, trademarks, and geographical indication. Some rights have been attached to the varie-ties of intellectual property as the owner or creator of these mentioned Intellectual property in tangible or non-tangible form. Can we consider Intellectual Property as a business asset? Any company or entity that has been formed can be differentiated into two types, i.e. one is the tangible asset like the infrastructure, machinery, labour, etc. In contrast, the second one is the non-tangible asset. The non-tangible assets can be designs, ideas, brands, etc., which pre-viously could not be there. With the change in time, this trend has changed and given more weightage to innovative ideas, new software, and new inventions in all the enterprise sectors. Now, companies are rolling on intangible assets and digging out various ways to secure and use them. So, it can be well said that intellectual property is one of the market's trendy busi-ness assets. What is the meaning of the term due diligence (Intellectual Prop-erty due diligence)? Now, we need to understand the term due diligence in common parlance. The term due dili-gence can be defined as the steps that have to be performed by the corporation to exhaustive-ly verify and investigate the lacunae before starting any business arrangement by examining all the relevant documents before the legal contract is signed by the parties. We at Enterslice will be much more efficient in providing you with due diligence services throughout the whole process. Why is the Intellectual property due diligence significant? Intellectual property due diligence is important for companies that are dealing with intellectu-al property without the presence of any physical assets. The company's net income has to be calculated based on its intellectual property assessment. For the buyers as well as the investors of the intellectual property, the due diligence process has become paramount for them to know the target of the company. We at Enterslice are here to help you out by giving insights about Intellectual property due diligence services as well as intellectual property assessment. There are certain ways laid down that deal with the significance of the intellectual property due diligence has played a significant role, such as Intellectual property due diligence can help in the maximization of the value of intellectual property assets, which can upgrade the company's balance sheet. The assets can be overvalued or undervalued because of the avoidance of intellectual property due diligence as well as the intellectual property assessment. There is the probability of the risk attachment for both the buyer and the investor with the intellectual property, but the risk can be uplifted through intellectual property due diligence. The intellectual property due diligence services help to manage the operation of the company, which has been organized in such a way as to upgrade the marketability of the services it provides. The intellectual property due diligence services help in securing the net value of the assets of the company. What is the scope of intellectual property due diligence? The scope of intellectual property due diligence can be the zenith and nadir of it. The scope defines the investigation and extent of the investigation needed to be done while intellectual property due diligence. It shall be determined by several factors, such as the goal of the par-ties in the transaction, such as the capital contribution, security for the loan, and internal as-sessment of its own, and can be influenced by the budgeting process of availing human re-sources, the size of the target company and its intellectual property portfolios and also other issues. How do you conduct the process of intellectual property due diligence? It can be ideal for starting the intellectual property due diligence as well as the intellectual property assessment at the onset of the negotiation process; it helps to identify any legal dis-crepancy which can affect the value or worth of the intellectual property. When there has been extended time allowed to complete the intellectual property due diligence, it will add more value to the intellectual property, but the process has to be scrutinized with proper care in terms of the legal issues arising out of the transactions. The nature of the business transac-tion can be different for each of the businesses, and there are different prerequisites for con-ducting intellectual property due diligence. We at Enterslice shall have a team of experts ready to assist you in intellectual property due diligence as well as intellectual property assessment. Here is the list of general requirements for conducting intellectual property due diligence as follows Recognize the intellectual property assets It has been seen in all businesses that patents, trademarks, domain names, and also brand names are counted as intangible subject matters that have to be well recognized. Try to verify the existence and ownership of the intellectual property The ownership of intellectual property has to be properly investigated while due dili-gence on intellectual property is conducted. Suppose there are any lacunae in terms of the ownership of the intellectual property assets if the seller is not able to transfer the title and rights associated with the intellectual property. If the seller does not have ownership of the tangible IP, then certain steps have to be taken to calculate the value of the IP to obtain the actual ownership. Examine for any third party claims After the identification of the ownership of intellectual property, it is very important to check any third-party claims that exist under the IP to confirm the seller's intellec-tual property. So, the scrutinization of all the licenses and agreements and memoran-dum of understanding to identify the exclusive rights granted concerning the intellec-tual property. Assess the Intellectual property infringement It is very important to check the intellectual property due diligence concerning wheth-er the third party's company is infringing the IP rights of the IP owner or the IP com-pany owner may infringe on the third party's right. Examine the territorial applicability of the IP It is paramount to check the territorial extent of the intellectual property for its validi-ty. If the company has been operating in several other nations and does not get intellectual property rights, it might be a hurdle for them in the future. Certain steps to be followed to conduct the intellectual property due diligence Here are the following steps to be followed to conduct intellectual property due diligence to match up with the requirements below It has to set the intellectual property due diligence and discuss with our intellectual property professionals and experts for the intellectual property assessment. We can help you in preparing and sending the intellectual property due diligence checklist. We will help you identify and segregate the IP assets that are relevant to the targeted transactions in connection to highlighting intellectual property due diligence in additional IPs to ensure that this process is properly set. We will check the status, validity, ownership, claim check, and other conflicts arising concerning the business transactions. We will conduct the intellectual property due diligence to verify the facts and will confirm the target. If any error comes in the way of this procedure, then we will ensure that the error is removed at any cost. We will also provide you with the intellectual property due diligence report along with the strategic management to overcome the risks. We will also help you with documentation, execution, and maintaining records of the intellectual property assessment. Benefits of availing our services for the intellectual property due diligence The duty to conduct intellectual property due diligence as well as intellectual property as-sessment needs a team of professional experts and has to be conducted rigorously. Here are the benefits of availing our intellectual property due diligence services such as Minimizing labilities and legal risk To conduct a thorough process of intellectual property due diligence, we will assist in identifying any existing legal risks in association with the IP assets, such as infringe-ment claims and ownership claims. To address these issues in mining, the cost of legal disputes and litigation, as well as the cost of protecting their business interest and rep-utation, must be addressed. Strategic decision making process Our intellectual property due diligence services will provide you with valuable insight into strengths, weaknesses, opportunities, and other threats related to the portfolios of intellectual property. We can also help you make firm decisions on various business ini-tiatives, mergers, acquisition processes, or even market expansion, etc. Right valuation of the IP assets We follow a comprehensive procedure in the evaluation and analysis of the IP assets regarding their value in the current market trend. We additionally attempt to sort out the unmistakable and elusive parts of protected innovation like copyrights, licenses, brand names, and logos. It will assist the business with filling concerning financial ad-vantages for the possible purchasers, merchants, and financial backers. Increased potential in business transactions We do comprehensive intellectual property due diligence to gain the confidence of our clients throughout the various business transactions and initiatives. The increased po-tential not only makes a strong relationship with the stakeholders but also increases successful business outcomes for the long-term business. Challenges in dealing with the intellectual property due diligence There can be challenges based on the engagement of the intellectual property specialists, but figuring out the expert's advice in IP law would be very crucial for an accurate and compre-hensive assessment. To maintain the strict measures for confidentiality and to secure the data throughout the intellectual property due diligence process. We at Enterslice will help you deal with the challenges of maintaining confidentiality as a paramount clause and also help facili-tate expert guidance throughout the whole procedure. We have a huge team of IP experts who will lead you in every step of the process of intellectual property due diligence. A fresh start with Enterslice to enjoy intellectual property due diligence services We have already noticed that intellectual property rights play a very significant role in the sus-tainability of a company or business. We follow various steps to identify the risks involved in the IP and to mitigate them which involves negotiation in terms of the transaction to imple-ment new IP protection measures or take legal against the infringers. We at Enterslice can as-sist you in the intellectual property due diligence process to choose the right business transac-tions, paving a path for better insights. We give proper time for the intellectual property due diligence process with an expert attorney in the field of IP to endorse the best results.