The Value of Intellectual Property
The importance of intellectual property protection is that it changes intangigle assests into exclusive ownership although it remains in limited terms. Intellectual property protection enables companies to own the intangible assests and fully exploit their potentialities. In short, intellectual property protection make the intangible assests “more tangible” by changing those assest into exclusive valuable assets which can be exchanged in the market.
If the innovating ideals, creative designs and attractive trademarks of your companies are not legally protected as intellectual property rights, they can be freely and legally used by other companies. However, when they are protected as intellectual property rights, they will bring companies particular values because they have become the assets – therefore they can not be commercialized or used without your consent.
More and more investors, brokers and financial consultants are understand that circumstance and begin to evaluate intellectual properties at high price. The companies around the world are also increasingly aware of the values of intellectual property, and occasionally record this kind of assets in their accounting balance sheets. Many companies, even medium and small ones, begin undertaking regular technology and intellectual property audits. In many cases, companies recognize that the values of intellectual properties are much higher than that of tangible assets. This fact often occurs in companies operating in area with creativeness or companies with famous brands.
For further information, please follow the next contents, explore the world of intellectual property and chances that intellectual property may bring to your enterprise.
