A Comprehensive
Intellectual Property Audit
At The Intellectual Property Works, we offer a comprehensive IP audit for your business that’s tailored just for you. In this audit we evaluate not just your business’ current IP position, but also your existing and future IP ‘assets’ that underpin (or will underpin) your business’ value, as well as the protection in place or available for these assets.
We also provide an assessment of your business’ approach to managing your IP assets, including a consideration of the ownership of these assets. In addition, our higher tier service also includes an analysis of the competitor IP landscape so you can note where you currently sit and where you aim to be.
A Comprehensive
Intellectual Property Audit
At The Intellectual Property Works, we offer a comprehensive IP audit for your business that’s tailored just for you. In this audit we evaluate not just your business’ current IP position, but also your existing and future IP ‘assets’ that underpin (or will underpin) your business’ value, as well as the protection in place or available for these assets.
We also provide an assessment of your business’ approach to managing your IP assets, including a consideration of the ownership of these assets. In addition, our higher tier service also includes an analysis of the competitor IP landscape so you can note where you currently sit and where you aim to be.
Is An IP Audit Right For You?
An IP audit is suitable for any business that recognises how crucial IP is but does not yet have a clear idea of IP’s relevance to their business goals. They may not have sound knowledge of the IP they currently have, the protection they have (or should have) in place, their competitor’s IP, or their approach to IP management. They may not currently recognise opportunities for new IP and want to be able to do so. Our IP audit aims to address these issues, among others.
How An IP Audit Works
Analysis
We analyse your IP position, considering ownership, protection, and risk, plus the degree of alignment between your IP position and business goals.
Discovery
The discovery phase varies depending on the audit level chosen, but typically includes an initial online meeting, a questionnaire, and a follow-up meeting for any required clarifications.
Delivery
We deliver your report either verbally or in writing, depending on the audit level you have chosen.
IP Audit Packages
IP BASICS
Analysis
- Personalised questionnaire about your IP position.
- GAP analysis.
- Verbal delivery of results with prioritised list of actionable steps.
£1,500 + VAT
* £1,000 + VAT For Workshop Attendees
IP REGISTER
Analysis, Planning
+ Registration
Planning, plus:
- Initial IP register.
- Initial IP risk register.
- Delivery of a competitor analysis report.
£7,500 + VAT
* £6,500 + VAT For Workshop Attendees
IP REPORT
Analysis +
Planning
Everything in Analysis, plus:
- Delivery of a written report.
- Creation of a tailored IP Plan.
- A walkthrough meeting for your audit findings.
£3,000 + VAT
* £2,500 + VAT For Workshop Attendees
Support Beyond Your Audit
An audit may be just the beginning of the support you need, and we’re happy to help beyond this. Depending on your needs, we can also assist with strategy and management, and always tailor our advice specifically to your business.
An Expert Intellectual Property Analysis
Your IP analysis will leave you with a thorough understanding of your business’ IP position and how it supports business value. Your analysis will also include identification of any ‘gaps’ in your approach that need fixing, and a top level IP plan to teach you what to focus on for the most impact.
Intellectual Property FAQs
An IP audit checks and assesses your business’ IP assets such as patents and trademarks, as well as your broader IP strategy needs. With this you can better understand your IP position, assess any potential risks, and notice and act on areas for improvement such as protection and growth. Whether you run a start-up or an established business, an IP audit helps you optimise your approach to your IP assets and management approach.
Simply put, any and every business needs an IP audit! This is especially true if you don’t yet have a detailed understanding of how IP relates to your business goals and how an IP audit can help.
Companies in all industries and of all sizes can benefit from an IP audit. Start-ups and established businesses alike have assets that deserve protection! Small businesses, quickly-growing companies, and those in competitive markets or involved in international business are just some examples that show how IP audits are for everyone. With that being said, businesses involved in technology and innovation may get even greater benefits from an IP audit as this aims to safeguard the cutting-edge ideas and products they may have in the pipeline.
What’s included in an IP audit will depend on the package you choose. Our bronze package includes an analysis with a personalised questionnaire, GAP analysis, and a verbal delivery of results with a list of actionable steps, while our silver package includes these plus a written report, a tailored IP plan, and a walk-through meeting for your audit findings. Our gold package includes all of these features in addition to an initial IP register, initial IP risk register, and the delivery of a competitor analysis report.
Absolutely! Our IP audit packages serve as a starting point, but we can tailor our services to address your unique requirements. You can discuss your specific needs during the initial consultation and we’ll work with you to create a customised IP audit plan.
If you want to stand out among the crowd, an IP competitor analysis is for you. This helps you understand your competitors so you can find out where you stand in relation to them when it comes to IP. With this, you can strengthen your IP position with actionable strategies so you can gain an advantage.
Our work isn’t done when your IP audit is! We focus on strategy and management so that we can continue to help you going forward, ensuring that we give you the specific advice you need to keep your IP optimised.
We understand that an IP strategy should be part of an overall business strategy, not something that stands alone. In addition to a comprehensive assessment, competitor analysis, and ongoing support, you’ll be working with an IP expert who genuinely cares about your business’ success and will do everything possible to help you achieve your goals.
Start Your IP Audit
If an expert IP analysis could be valuable for your business, there’s no better time to start than now. The sooner you receive your IP audit, the sooner you can implement the recommended strategies to help you see the success you deserve. To get started, book your IP audit today.
