IP Law Firm Partners with IP Valuation and Royalty Audit CPA Firm

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Premier Law Group, PLLC, an intellectual property (IP) law firm, has partnered with Stowe & Associates CPA, specializing in IP valuation and royalty audit. Premier Law Group, PLLC, located near the U.S. Patent and Trade Office outside Washington, D.C., has offered intellectual property (IP) services worldwide for ten years. These IP services include patent and trademark searches, patent and trademark applications, copyright filings, legal opinions, and litigation services. Premier Law Group has formed a partnership with a Certified Public Accountant (CPA) firm, Stowe & Associates that specializes in IP (patent, trademark, trade secret, and copyright) valuation, IP royalty audit, calculation of IP infringement damages, and business valuation. This partnership is a natural progression for Premier Law Group to offer additional services to its clients.

Premier Law Group is pleased to offer these additional services to its clients because a patent or other IP valuation report helps the client inventor to get what they deserve for their patent in the market place. A valuation report provides a detailed analysis and a conclusion of dollar value of the patent. David Mazur, Director of Business Development at Premier Law Group, stated: “An inventor armed with a patent valuation report has a distinct advantage when approaching large companies and trying to interest them in their invention.”

Premier Law Group selected Stowe & Associates for its clients’ IP valuations because CPAs are known for reliability, credibility, objectivity, and adherence to professional standards. In addition, Stowe & Associates has relevant specialized qualifications including Certified Patent Valuation Analyst and Certified Fraud Examiner.

When Premier Law Group’s clients license their IP rights, Premier Law Group ensures that the licensing agreements include royalty audit rights. But, Premier Law Group recognizes that IP should not rely on self-reporting from companies licensed to use their IP. Complying with licensing contracts is complex. Misinterpretations of the agreement can result in underreporting. Underpayments may also result from underreporting of sales, miscoding transactions in accounting systems, or accounting errors. So Premier Law Group has partnered with Stowe & Associates to provide royalty audits to its clients who license their patents or other intellectual property.

Also, for Premier Law Group clients needing a business valuation to obtain financing or to sell the company, the business valuation needs to include the value of the IP. So, Premier Law Group has partnered with Stowe & Associates to assist its clients to obtain business valuation services from a CPA firm specializing in IP. This is important because an estimated 80 percent of the value of companies that have IP is in the IP and is not shown on the balance sheet.

Premier Law Group, PLLC, located near the U.S. Patent and Trade Office outside Washington, D.C., has offered intellectual property (IP) services worldwide for ten years. These IP services include patent and trademark searches, patent and trademark applications, copyright filings, legal opinions, and litigation services. Premier Law Group has formed a partnership with a Certified Public Accountant (CPA) firm, Stowe & Associates that specializes in IP (patent, trademark, trade secret, and copyright) valuation, IP royalty audit, calculation of IP infringement damages, and business valuation. Premier Law Group is pleased to announce this partnership to provide these additional services to its clients.

- Stowe & Associates

From the author: www.premierpatents.com
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