Clients will frequently request us as their patent or trademark counsel to conduct due diligence investigations and audits. A due diligence investigation can help a client avoid a future claim for enhanced damages and/or attorneys fees if they launch a product that is already covered by third party intellectual property. A due diligence investigation can also point out the scope and strength of third party IP assets to assist decision-making when considering licensing or litigation. Internal audits can cull out unnecessary costs and filings, and can help identify patent portfolios that could be out-licensed to interested third parties, or even donated to institutions as a charitable, and often deductible, gift.
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