What In-House Counsel Should Ask Before Buying an IP Asset

Introduction : Intellectual property is part of corporate transactions like acquisitions and joint ventures, but now it is a prominent asset in corporate transactions. A franchise of trademark, a portfolio of patents, and a proprietary codebase may be more valuable than the business itself. Unlike land and machinery, IP asset is an intangible business asset. Its value is in the statutory and contractual title that is granted to it. Incomplete or defective title may not entitle the buyer to a...