Due Diligence Searching

Similar to the sale of a house or a car it is vital that ownership of any Intellectual Property Right (IPR) such as a Patent, Copyright or Trademark is first verified. This verification is often the primary subject of a Due Diligence search.

No IPR purchase should be made, or license agreement entered into, without a due diligence search having been conducted beforehand.

Due diligence ascertains among other things ownership of the property in question and includes such things as any third party interests, outstanding or due payments and expiry dates of the IPR.

Due Diligence has been defined as: An evaluation, performed by investors or their agents, into the details of a potential investment or purchase, where the evaluation involves a verification of all the material facts relevant to the investment or purchase.

To learn more about Due Diligence please go the Searching Topic of the Articles in the Virtual IP Library or go to www.patmarkresearch.co.nz