IP due diligence is performed in the following contexts: Merger and acquisition or joint ventures: To provide a basis for risk and value assessment of relevant IP assets . Financial transactions: To determine the impact of IP assets on IP related financial transactions such as stock purchasing, security interests, initial public offerings, etc. IP assignments and IP licensing: To provide verification services about the existing IP portfolio, to internal business stakeholders.  Launching of a new product or service: To evaluate any possible infringement risks or freedom-to-operate issues .  Bankruptcy and Layoffs: To secure the IP rights in case of bankruptcy, employee layoffs, etc.