What is a due diligence investigation?
Due diligence investigations can be a lot of different things. Generally, they involve reviewing a landscape or a portfolio of patents. That could either be a client’s patent portfolio, or a competitor’s patent portfolio, or multiple patent portfolios from competitors. Generally, we’ll review them if a client is producing a new product. In that instance, we are reviewing competitors’ portfolios to determine if they can safely enter into that market area or with that product and avoid potential litigation.
In the instance of reviewing our own client’s portfolio, oftentimes we’ll review to do an audit on validity, identify any patents that may be valid or invalid. This could be important in the context of licensing agreements or potential litigation.