True/False
Indicate whether the
statement is true or false.
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1.
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The only time a client needs an intellectual
property audit conducted is when it intends to sell its business assets to another.
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2.
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Every client must have an annual intellectual
property audit conducted.
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3.
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Clients are seldom involved in intellectual
property audits.
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Essay
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4.
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Generally, what is the difference between an
“intellectual property audit” and a “due diligence review.”
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5.
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How can the results of an IP audit be used to
help a client achieve a stream of revenue from its assets?
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6.
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Assume that an IP audit discloses that a client
has not used one of its registered trademarks in more than two years. What might the audit report
recommend to the client with regard to this mark? Why?
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7.
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Why might an IP audit be more critical for a
company such as Microsoft Corp. than a company that repairs farm equipment?
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8.
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How might an audit be “triggered” by
some change in the law?
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9.
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Why might an IP audit report inform a client
that the client should review its competitors’ advertisements, marketing materials,
etc.?
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