It is the intellectual property audit that measures the intellectual assets of an organization or an individual. If you’re wondering what intellectual assets are, just think about an idea you have that could be quite profitable. That idea all of a sudden becomes a type of intellectual asset. Put it into action and it becomes a true asset.
Usually, you will apply for a patent or a copyright to seal your claim on the idea. When you do that, it officially becomes intellectual property. No one else can make claim on what is rightfully yours as you can learn from this YouTube channel – https://www.youtube.com/user/inventhelp.
Having an intellectual property audit can cure some of the disputes that businesses, organizations, and individuals have. These matters are usually dealt with on a case-by-case basis, but this can be dangerous.
That is why it is good to have an intellectual property specialist perform an audit to ensure what intellectual property is actually owned by someone and what is not.
What is intellectual property?
You’re probably wondering what counts as intellectual property. You may even be asking if you have any. You might be surprised to find out that you do. This is because intellectual property includes movies, books, music, paintings, software, and photographs. If you have come up with an invention, that is intellectual property as well.
If you created these things, no one else can use them. If you have viable proof that you were the first to come up with these items, even if you have not registered them, you are the rightful owner under the law as described on https://www.tmcnet.com/topics/articles/2020/03/24/444881-everything-need-know-inventhelp.htm.