What is an intellectual/intangible asset? *
Every business in operation has that special, unique knowledge that makes it successful, perform well and generate revenue in its markets.
Intangible assets (also known as intellectual assets) are roots in this knowledge that the business uses to generate it's revenue.
An intangible asset is therefore a non-physical productive asset that has an economic value.
What makes it different from tangible assets?
While tangible assets are usually brought into the company and onto the books through acquisition (purchase), intangible assets are usually created organically as the company develops. Their existence is often hidden and they are not identified and valued.
Intangible assets can be valued and recorded in the same way as tangible assets, but their value does not change in a linear fashion and may be longer-lasting.
Why manage intellectual property?
The S&P 500 companies have their intellectual assets well over 80%. Identified intellectual assets provide a high degree of transparency, and contain vital information about the future performance of the company's business model. In addition to this, of course, one of the fundamental functions of identifying, valuing and recording intellectual assets is to reinvest some of the costs of development or growth back into the company and include them in the company's assets. The visibility of intellectual assets leads to more conscious company management, accelerates capitalisation and improves corporate culture, while encouraging innovation and protecting the results achieved.
What do I need to do to have intangible assets?
By pressing the button below, you can request one hour of free - personal, online - intellectual property management consultancy without any additional obligations.
We will explain it in detail during the conversation
- the nature of intellectual property
- the legal and economic conditions for their creation
- evaluation options
- custom strategic considerations for your company
- our offer for cooperation
Are there intellectual assets in my company?
After completing and submitting the short questionnaire on the left, a brief evaluation will be sent back to the email address provided, giving you the relevant information.
* We use intangible in the accounting and reporting context and intellectual in a more general business and legal context.
