IP Due Diligence and Audits
As your business grows, both organically and by way of acquisition, IP can get left behind, go unprotected or be contained in the wrong company. This can have a devastating effect on a business’ ability to protect their competitive edge – be it a brand, invention, design, software or method of doing business and make it difficult to capture your business’ investment in its IP.
In a sale of business, knowing what IP your business has can have a positive effect on the valuation of your business. Similarly, if you are considering purchasing a business, it is crucial that you understand what IP you will acquire and confirm that the seller is in a position to sell it to you.
By knowing what intellectual property your business has, you can make sound business decisions about what to do with it, and what is and what is not worthy of the cost of IP protection.
In addition, businesses that have traditionally spent significant sums on IP protection can often find that their IP spend can be greatly reduced by divesting itself of non-core items of intellectual property that are no longer used or valuable to the business, but which may be of great value to another person’s business.
In an IP audit of your business we would use our proven methodology to systematically identify and assess what IP your business has. We will verify what registered IP (trade marks, patents, designs) you own and use and confirm the details of that IP from the appropriate government and other sources. We would also assess the IP that you use to ensure it is being used as permitted by the IP owner.
The end result is a report on the status of your business’ IP and where necessary, a list of recommended actions, estimated costs to implement those recommendations and an implementation strategy.
Call us today to FIND OUT what IP your business has.
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This is how we've helped others
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"Marshall IP Group has been assisting SAI Global with its trade mark, IT and other intellectual property agreements for over 4 years now. They have demonstrated a good understanding of our businesses and services and this commercial understanding is applied to the legal advice and assistance they have provided. They have shown expertise beyond their size and (regional) location and an ability to stand their ground against their City counterparts: you get the quality of a city law firm partner but you are not charged the big city law firm rates. They are pro-active, commercially sensible and this has given me, as a busy in-house Corporate Counsel and Company Secretary, peace of mind in relation to SAI Global’s national and international IP Portfolio and other legal needs. "
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"Marshall IP Group has been a supporter of the iAccelerate from its very beginnings. iAccelerate is a state of the art incubator for start-ups and early stage technology businesses located at the University of Wollongong’s Innovation Campus. Marshall IP Group’s CEO, Tim Marshall, has provided thorough, thoughtful and insightful contributions to iAccelerate providing informative seminars, workshops and advice for many of iAccelerate’s companies. Marshall IP Group demonstrates a commitment to the innovation agenda for Australia and the Illawarra region. "
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"Marshall Legal helped us out with a particularly nasty allegation of IP rights infringement. They quickly got to the nub of the problem and navigated the complex regime of trade marks and copyright law to diffuse the situation. Not only were the allegations withdrawn but we got our costs back. I would recommend Marshall Legal; not only did they get us a great result, they put our minds at ease throughout the proceeding."
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"I am delighted to recommend Tim Marshall and the team at Marshall IP Group for all aspects of intellectual property and technology law. Marshall IP Group fills an important space in the legal market in regional Australia and Australian capital cities. The businesses that I am heavily involved in, RMB Lawyers and Unison Outsourcing, have both enjoyed excellent advice and customer service from Marshall IP Group in relation to trade marking our businesses and protecting our brand."
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"Nobody likes to have to fight a court case and especially one against an internationally based company, but that was what we found ourselves facing in 2012. We were so lucky we found Tim Marshall of Marshall Legal. We highly recommend his services to anyone who wants a good business lawyer that gives good solid advice on all matters, including Intellectual property matters, trademarks and Patent attorneys who have proved invaluable to our business"
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