According to Patent Issues Relating to Acquisitions: Conducting Intellectual Property Due Diligence, while every IP due diligence must be tailored to meet the particular business situation at hand, certain basic steps should at least be considered:
Identify Products and Services
Identify Corresponding Intellectual Property
Prioritize Analysis (if necessary)
Analyze State of Relevant Industry
Determine Scope of Protection Provided by IP Assets
Verify "Exploitability" of IP Assets
Conduct Non-Infringement Investigation
Review Warranties and Indemnities
Review Any Other Considerations
Establish a Value
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