Basic IP Due Diligence Steps

According to Patent Issues Relating to Acquisitions: Conducting Intellectual Property Due Diligence, while every IP due diligence must be tailored to meet the particular business situation at hand, certain basic steps should at least be considered:

• Identify Products and Services
• Identify Corresponding Intellectual Property
• Prioritize Analysis (if necessary)
• Analyze State of Relevant Industry
• Determine Scope of Protection Provided by IP Assets
• Verify "Exploitability" of IP Assets
• Conduct Non-Infringement Investigation
• Review Warranties and Indemnities
• Review Any Other Considerations
• Establish a Value