How to Run an Internal IP Audit of Your Portfolio
Many companies know what they physically own but do not know what they own intellectually. An annual IP audit reveals unregistered assets, late renewals, and weak protection. It is like the "annual medical check-up" for the company.
Audit Stages
Inventory: list of every asset (marks, patents, designs, copyrights, secrets).
Legal status: active? expired? near expiration?
Geographic coverage: where registered? Does coverage fit your activity?
Sector coverage: which classes? Do they fit your current and future activity?
Actual use: are assets in use? Unused assets may be canceled for non-use.
Threats: active infringements? Competitors who registered similar marks?
Tools and Documents
Comprehensive register (Excel or dedicated system).
Copies of registration certificates.
Upcoming renewal dates.
License and agreement register.
Past and current dispute register.
Audit Output
A report identifying: strong assets, assets needing reinforcement, threatened assets, protection gaps.
Action plan: what to register, renew, dispose of.
Proposed budget for the next year.
Audit Frequency
Small companies: annually.
Mid-size companies: twice a year.
Large companies: quarterly + annual comprehensive audit.
At Rights
We run comprehensive IP audits. Audit cost: SAR 8,000–25,000 by portfolio size. Expected savings: 3–10× the cost through early gap discovery.
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