1. Inventory of IP Assets: List all IP assets, including patents, trademarks, copyrights, trade secrets, and domain names. 2. Review Legal Status: Check the legal status of each IP asset. Ensure all filings are up-to-date and renewals are made timely. 3. Assess Agreements: Examine licensing, partnership, and employment agreements to ensure IP clauses are clearly defined. 4. Evaluate Infringements: Identify any potential IP infringements by or against the company. 5. Develop IP Strategy: Formulate an IP strategy aligning with the business goals and business plan.