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What is an intellectual property audit (IP audit)?

Most businesses have intellectual property of some type, but they do not always recognise it. An IP audit is a review of the intellectual property 'state of affairs' in your business.

Failing to recognise intellectual property you have means it may not be working as hard as it could to benefit your business.

It also may mean that you are at risk of losing the competitive advantage that your intellectual property may give you, should you lose or fail to protect your intellectual property.