Intellectual property has become one of the most important assets a business has, and this is especially true for technology and life sciences businesses in Washington, across the United States, and internationally. What is IP due diligence, and why conduct IP due diligence? IP due diligence entails the review, audit, and reporting of intangible assets to assess the scope and validity of intellectual property rights owned, claimed by, or licensed to an organization, business, or individual. This kind of due diligence review is commonly conducted in connection with the acquisition of a company or business or as a part of a licensing arrangement. But this type of review can and should also be conducted by each intellectual property owner to review and assess the quality and value of its own rights. IP typically entails the patents, trademarks, copyrights, and domain names of an organization, business, or individual but can also include other types of intangible assets, such as data, know-how, domain names, and software. WWW.LAWYER-MONTHLY.COM 79 Navigating Commerce and Technology Armand J. Zottola, a prominent legal expert at Venable LLP, shares insights into the vital role of intellectual property (IP) in today’s business landscape. As a co-chair of Venable’s esteemed Intellectual Property Transactions team, Armand offers valuable perspectives on IP due diligence, effective IP management, and critical transaction preparation elements, shedding light on the intersection of commerce and technology. www.venable.com An Interview with Armand J. Zottola Partner – Co-Practice Group Leader at Venable LLP 600 Massachusetts Avenue, NW, Washington, DC 20001 Tel: 202 344 8546 Fax: 202 344 8300 Email: AJZottola@venable.com
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