Step 2. Identify Intellectual Property. It is now possible to list the intellectual property associated with each asset. The product may be the subject of one or more forms of intellectual property. For example a product sold under a trademark may also be covered by one or more patents and may be manufactured by a process involving one or more trade secrets. With an inventory, the products and services as well as the associated intellectual properties, is possible to develop a matrix that contains information for each product. Matrix cells can be filled in with corresponding patent numbers, trademark registration numbers, copyright registrations, annotations can turning trade secrets, license is required, and licenses issued. In this way the intellectual property picture can be viewed at a glance. The matrix also displays gaps in the intellectual property protection for the various product lines. This process works very well for small to medium-size entities, or large entities entering into a limited alliance or joint venture.