Guide on intellectual property (IP) due diligence in Nigeria

Conducting an IP due diligence is a detailed assessment of your company’s intellectual property (IP). It is a critical process when evaluating a business for investment, partnership and acquisition opportunities. It involves an in-depth examination of patents, trade marks, designs, copyrights, trade secrets and other intellectual property assets, providing a reliable assessment of their ownership, validity, enforceability and potential infringement. In short, IP due diligence is a thorough assessment of a company’s IP assets to understand their value, risks and potential for future use.

In Nigeria, IP due diligence is an important practice that should be adopted to ensure that you maximise your IP for monetary value in the course of exploiting your rights or in the course of acquiring new IP through any form of partnership.