Intellectual property audit of an organization

Abstract

In this era of rapidly evolving Intellectual Property (IP) regimes, it is the need of the time to identify and efficiently utilize Intellectual Assets owned by an organization. It has now become a prerequisite for organizations to develop a expertise and capabilities not only to create IP through R&D, but also to manage it efficiently. There are various tools available for IP Management and IP audit is one such tool. In this paper, authors share IP audit experience of two leading Indian organizations operating in the electrical engineering sector. The analysis of the data provided various interesting observations and insights with reference to IP Management which may be useful to other organizations working in electrical engineering sector as well as organizations from the other sectors.

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