An Indian automobile company is interested in joint venture arrangement with a foreign company. It has, however, little knowledge about Due-diligence of intellectual property rights in a corporate transaction. Advise the

Purpose of IP Due Diligence IP due diligence is a part of a comprehensive due diligence audit that is carried out to assess the financial, commercial and legal benefits and risks linked to a target company's IP portfolio, typically before it is bought or invested in. It provides detailed information that may affect the price or other key elements of a proposed transaction or even aborting the further consideration of the proposed transaction. It provides a basis for assessing the risk and value of relevant IP assets in a proposed acquisition or sale of intellectual property.