A number of factors have contributed to a growing trend for private business owners to consider selling all or part of their companies, whether it is financial difficulties, the need to off-load non-core assets or for reasons of succession. Withers & Rogers’ Nicholas Jones and Tania Clark report.
However, before doing so, it’s imperative that business owners invest time in ensuring that their intellectual property (IP) portfolio is in order.
It can be notoriously difficult to accurately estimate the value of IP rights and those considering selling corporate assets could end up undervaluing them if they fail to present up-to-date information. It is therefore crucial that when attention turns to IP matters, which usually occurs during the critical, latter stages of negotiations, that they are accurate and up-to-date