Design audit

How much are your designs worth and what is the value of your total intellectual property portfolio? It is important to know because the value of your intellectual property contributes to the value of your business as a whole. This might be a crucial factor, for example, if a due diligence study needs to be carried out in the event of a merger or takeover or if you want to attract investors. A design audit will give you all the insight you need.

 

Why carry out a design audit?

A design audit is an important step in determining the value of your designs and thus the value of your company as a whole. In the event of a merger or acquisition, a design audit would need to be carried out as part of the overall financial audit, commonly known as due diligence. But a regular intellectual property audit is also important even if a merger or takeover is not being planned. This makes sure that your design portfolio is up-to-date and managed in the most efficient way to ensure maximum added value for your business.

 

Audit method

A design audit consists of two phases:

 

  1. Design audit phase 1: verification

    During the verification of the current portfolio, NLO Shieldmark checks all the details for correctness. Often the details on file are not always completely accurate. We also crosscheck the details on file with the various official registers. For this part of the design audit, we use the VIP® (Verification Intellectual Property) system developed by NLO Shieldmark, which makes it possible to verify the data worldwide in an efficient way.

 

  1. Design audit phase 2: validation

    The verification phase provides confirmation of the current status of the designs. The design portfolio then has to be validated to make sure all the details are up-to-date. This often identifies omissions, such as incomplete and/or missing registrations, missing countries or incorrect holder details. It also often reveals situations where there is unnecessary expenditure on obsolete and non-essential registrations. Recommendations are then provided about the action to be taken in such cases.

 

Contact

Would you like us to carry out an audit for your design portfolio or your intellectual property portfolio? If so, contact us now.

Contact us

Fake invoices

Fake invoices are unfortunately a well known problem among trademark owners. A fake invoice is a misleading invoice (or letter) which reffers to a trademark, design, patent or patent application. A payment is requested for a publication in a register or to extend the validity of a registration.They use names like Worldwide database or Trademarks and Patents, Euro IP Register, International Patent & Trademark Database.

 

More information and examples of fake invoices

 

Our advice: don't pay. Please contact us is you have any doubts.

NLO Shieldmark wins Award ‘Benelux - Firm of the Year for Trade Mark Prosecution’

NLO Shieldmark is proud to have been voted ‘Benelux - Firm of the Year for Trade Mark Prosecution’ by the highly respected Managing IP magazine. The award was presented on Thursday 10 March 2016 in London.

 

We wish to thank our clients and fellow professionals for their positive feedback and for believing in our quality and service.