# IP Due Diligence in M&A When acquiring or merging with another company, understanding their IP portfolio is essential. ## Key Areas to Examine - Ownership: Who actually owns the IP? - Validity: Are registrations current and enforceable? - Freedom to operate: Any infringement risks? - Valuation: What is the IP worth? - Agreements: Any licenses, assignments, or encumbrances? ## Red Flags - Pending litigation - Expired or lapsing registrations - Unclear ownership chains - Over-reliance on trade secrets > Thorough IP due diligence can prevent costly surprises after closing.