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Stocktaking of intellectual property

Intellectual property objects are intangible assets of a company. Upon knowing their market value, the right holder may derive commercial benefits by disposing of and using intellectual property objects, pledge them for securing obligations, use them as the authorized capital.

In certain cases, in order to determine the condition and take stock of intellectual property objects owned by a legal entity, their stock-taking is required.

What stock-taking of intellectual property objects means

Stock-taking of intellectual property consists in making a registry of all intellectual property objects registered in the name of the right holder according to the established procedure, their record and classification as intangible assets. Also, a stock-taking can help check all trademarks and other intellectual property objects used by a company in its activities for compliance with rights of third parties, i.e. whether the company infringes someone's rights or not. This measure is capable of avoiding legal actions and payment of fines amounting to several millions.

Stock-taking of intellectual property objects is recommended in the following cases:

  • When the legal entity being the right holder is reorganized or liquidated, or changes its organizational and legal form;
  • When the founder or the chief executive officer is changed;
  • When an act of unfair competition or an infringement of exclusive rights is revealed;
  • Before conducting an audit or preparing accounting reports, as well as in some other cases;
  • For determining patent clearance of a product.

Specialists of our Patent Bureau can assist you in:

  • performing a complex analysis of the company state of affairs in respect of intellectual property objects;
  • drawing up a registry of all registered objects and their right holders;
  • making a company development plan, determine areas of top priority for activities and use of intellectual property objects with due regard to the stock-taking data;
  • identifying, whether the company has intellectual property objects that are already developed and used but not passed the state registration procedure; if yes, provide full legal follow-up for registering them according to the established procedure.