February 3, 2025 - 18:23
William H. Honaker, a former USPTO examiner and a partner at Dickinson Wright PLLC, forecasts a surge in mergers and acquisitions in the coming years. This anticipated growth creates an opportune moment for business owners contemplating a sale. In his insights, Honaker emphasizes the importance of getting your intellectual property (IP) in order before making a move.
With the market poised for increased activity, having a robust IP portfolio can significantly enhance a business's value. Potential buyers are increasingly interested in companies with well-documented and protected intellectual assets. This includes patents, trademarks, copyrights, and trade secrets. Honaker advises business owners to conduct a thorough audit of their IP, ensuring that all assets are properly registered and protected.
Moreover, he highlights the necessity of maintaining clear records and documentation, as this can streamline the due diligence process during negotiations. As the landscape for mergers and acquisitions evolves, business owners who prepare their IP will be better positioned to attract buyers and maximize their sale price.
