IP AUDIT AND STRATEGY

Intellectual intellectual property and protection is becoming an increasingly important element of successful modern business management. In the digital age, where innovation is a key driver of a company's growth, protecting intellectual assets is essential to achieving competitive advantage and long-term success.

That is why KGK Law Firm has developed a new service for you - the "Intellectual Property Audit and Strategy Development"package, which can provide you with the opportunity to "discover" hidden assets (copyrights, domains, designs, patents and utility models, trademarks and trade marks, know-how and production processes, trade secrets, etc.) in the form of intellectual property, for protection, valuation and capitalization. This is one of the essentials of the whole process - targeting, valuing and capitalising these hidden intangible assets, which would lead to an increase in the value of the enterprise itself.

The package is suitable for a wide range of industries, from technology companies to manufacturers to service providers.

All successful businesses have established internal processes that they have built up over the years and which address different aspects of their operations, depending on the commercial activities involved. In addition to being intellectual property and protectable, these processes themselves often lead to the creation of new intellectual property. This creates situations where owners, shareholders, investors and managers have no idea what intellectual property a company owns, let alone how to protect it.

How does the Audit itself work?

It is important to first gather information on the underlying activities by preparing a full and detailed due diligence to identify and establish the intellectual property. The next step is to identify other intangible assets, their valuation and the possibility of capitalising them. After extensive research and analysis, a strategy for the protection and future development of the intellectual property is developed.

Audit activities:

Overview of industrial property:

Collection and analysis of information:

for all registered objects and/or those for which applications have been filed - patents, utility models, trademarks, geographical indications, industrial designs;
all unregistered designations, names, systems and technical processes, images and designs. Identification of unprotected objects;
on products/services and their characteristics;

Clarification of rights over:

company names;
domain names, interface and web design.

Other intellectual property assets:

Overview:

* Software - licenses, proprietary developments, source code;

* other copyright/related rights;

* advertisements, marketing messages, designs;

* documentation relating to intellectual property;

* the current level of protection and the possibility of access by competing companies and individuals;

* the recorded carrying values of intangible assets;

* the overall accounting treatment of intangible assets. Future plans, strategies and business development;

Identification of copyright objects and allocation of rights;
Contracts with employees, subcontractors, suppliers, advertising agencies;
Other Documentation;
Review Facebook, Instagram, Tik-Tok, Linkedin presence and campaigns;
Identify available intangible assets and opportunities for protection in light of social media. Production processes and know-how;
Establish key practices;
Trade secret framing. Analysis and review of accounting information;
Clarifying the intellectual property behind recorded value;
Discuss and plan regarding triggered but uncompleted processes;
Discuss and plan marketing strategies and plan for new services/products.

The audit concludes with the preparation of a plan to establish rights and protection for all available open intellectual property with specific steps, document proposals and registrations. The necessary documentation relating to the protection of production processes and trade secrets shall also be prepared. If necessary, a valuation of intangible assets is organised and accounting options are proposed.

Why should you trust us?

KGK Law Firm's team has extensive experience and expertise in intellectual property. Our firm has been recognized for the second consecutive year as one of the top ten Intellectual Property law firms in Bulgaria, and Trayan Kosev, as a leading specialist in the field by the prestigious global ranking - The Legal 500. Our individual approach helps us to protect our clients' intellectual property in the most adequate way.

For more information or assistance in relation to the service, please do not hesitate to address your inquiries to us.