IP Audits are an extremely necessary exercise that must be undertaken by any company in
order to recognize and act on their Intellectual Property Rights and assets. It is undertaken for
all types of IPR, be it Trademarks, Patents, Copyright, Patents, Designs and even Trade
Secrets. IP Audits are made even more necessary as Intellectual Properties are intangible
assets and easily ignored during the day to day running of the company by individuals who
are not well verse in the nature of, and the nuances of, Intellectual Property.