Intellectual property (IP) is the most valuable asset of many of the world’s largest and most successful companies. It is what distinguishes them from their competitors, what makes them unique and is often the key objective in mergers and acquisitions (M and As).
For small to mid-sized companies, the role of intellectual property rights (IPRs) and intangible assets is less well understood. The value of IPRs is often understated in company accounts and the rights themselves are frequently not managed or exploited to their full potential by companies themselves.
It is crucial that every company is able to recognise the value of its IP in order to maximise opportunities for exploitation. IP can take various forms including rights formally protected such as copyright, design rights and patents but can take other forms, not formally protected, such as goodwill and trade secrets.
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Intellectual property: Do you know what it is worth to your clients?