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In this episode of Figure 1: an IP conversation, Albright IP Managing Director Robert Games is joined by Patent Attorney and Director Dr Will Doherty to explore why an intellectual property (IP) audit can be one of the most valuable strategic exercises for any business.
Do you know whether your patents, trade marks, registered designs and copyright are properly protected? Could your business be exposed to unnecessary risk without realising it?
Robert and Will explain what an IP audit is, how the process works, and why it helps businesses identify valuable intellectual property assets, uncover hidden risks, and develop a stronger long-term IP strategy. They also discuss how an IP audit can reveal overlooked opportunities, from strengthening patent protection to ensuring ownership agreements are in place and even identifying commercial benefits such as Patent Box tax relief.
Whether you're an SME, founder, business owner, in-house counsel or IP professional, this episode provides practical advice on protecting innovation, reducing risk and building a commercially focused intellectual property strategy.
The episode covers:
• What an IP audit is and why businesses should carry one out
• How an IP audit identifies gaps in patents, trade marks, registered designs and copyright
• Why SMEs benefit from reviewing their intellectual property strategy
• Common IP risks businesses often overlook
• Missing assignment agreements and ownership of intellectual property
• How competitor analysis forms part of an effective IP audit
• The role of patents, trade marks and design rights in business growth
• How an IP audit supports long-term commercial strategy
• What information businesses need before an IP audit
• The practical recommendations businesses receive after an audit
• How an IP audit can uncover hidden commercial opportunities
• Why proactive IP management helps reduce future legal and commercial risks
If you're looking to understand what an IP audit is, why your business needs one, or how to protect your intellectual property, this episode offers practical, commercially focused guidance from experienced UK patent attorneys.
Figure 1: an IP conversation brings together expert discussions on patents, trade marks, registered designs, copyright, innovation, IP strategy and the commercial realities of protecting intellectual property.
Subscribe to Figure 1: an IP conversation for more expert insights into intellectual property, patents, trade marks, design protection and innovation.
Want help protecting your innovation?
Visit Albright IP: https://www.albright-ip.co.uk