An intellectual property audit is conducted to determine the intellectual property a company owns.

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An intellectual property audit is a process that involves identifying, assessing and valuing the intellectual property assets of a company. The audit can uncover such assets as patents, trademarks, copyrights, trade secrets, and other proprietary information that a company may hold. This helps the company determine what intellectual property it owns and how it can be used, licensed or sold to generate revenue or protect the company's interests.

An Intellectual Property Audit Is Conducted to Determine the Intellectual