Management and maintenance of your patent portfolio is essential in order to protect the value and enforceability of your assets.
We can assist you with the timely payment of renewal fees, and with registering any changes in ownership of your rights. We can also advise on the strength and coverage of your portfolio for due diligence exercises, for securing investment, and when contemplating litigation.
It is important that proper care is taken to ensure that your valuable IP is kept in force by timely payment of renewal fees and that rights are not lost through oversight. We can liaise with CPA Global, or the renewals agency of your choice, to provide up-to-date data on your rights so that payment of renewal fees can be handled smoothly and in a way which best suits the internal procedures of your business. We can assist you in special cases where evidence of use is required.
We can help you deal with the sometimes complex procedural steps necessary to ensure that your rights – or rights you have acquired from a third party – remain valid and fully effective following changes of ownership. We can advise on negotiations for the sale, purchase and licensing of IP rights, draw up agreements and other documents, and record changes in ownership and licences with the relevant authorities.
Backers look for properly protected IP rights when considering investment in any business. Reddie & Grose LLP has wide experience of due diligence exercises and can prepare reports and opinions for potential backers on your behalf. We evaluate IP portfolios when clients are looking for investors, selling or buying businesses or taking or granting licences.
Collaboration is an important element of a successful deal and we work closely with our clients’ other professional advisors, such as accountants and solicitors, bankers and venture capitalists, in providing due diligence in a range of business situations. These include mergers, acquisitions, and the re-financing or disposal of a company.
We can evaluate IP portfolios, provide schedules of patent rights, confirm the status of the patent rights and the likely coverage of protection, and advise on the role of IP in securing investment.