Law360, New York (July 29, 2010, 1:26 PM EDT) -- Intellectual property due diligence is the process of gathering information and assessing the value of and risks associated with IP assets. A comprehensive IP due diligence review is particularly important in business transactions, such as mergers and acquisitions, since IP is often an important component of a seller’s business and a buyer’s acquisition model.
The consequences of ignoring or mismanaging IP due diligence can be severe. The classic example of IP due diligence gone wrong is Volkswagen’s purchase of Rolls Royce.
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