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The Intellectual Property Audit : A guide to Small and Medium Enterprises (SMEs)
SSRN (2008)
  • Neeraj Parnami, Indian Institute of Technology - Kharagpur
Abstract
The term “Intellectual Property (IP) Audit” may be a magical word to those Small and Medium Enterprises (SMEs), running their own shops and handling a responsible position, who never take care of intellectual property generated in the company. In most of the cases, SMEs do not have sufficient knowledge, money and resources to conduct a full intellectual property audit in their businesses and find it difficult to build an IP portfolio describing a calculated value of their IP assets. They never realize the loss occurring due to avoidance of intellectual property importance in their businesses. In short, the “Intellectual Property Audit” means an assessment of the company’s assets. In order to create an awareness among SMEs about the term “IP Audit”, various parameters like the scope of the IP audit, importance of the IP audit, way to kick-start the IP audit and the right people by whom the IP audit is to be performed, the paper is written. The paper is also concerned with the need of identification and analysis of IP assets owned, used or acquired by SMEs in their businesses.
Keywords
  • Intellectual Property Audit,
  • IP Audit,
  • Small and Medium Enterprises,
  • SMEs
Publication Date
October 1, 2008
Citation Information
Neeraj Parnami. "The Intellectual Property Audit : A guide to Small and Medium Enterprises (SMEs)" SSRN (2008)
Available at: http://works.bepress.com/neeraj_parnami/5/