An increasingly valuable asset for many businesses is its intellectual property. Intellectual property can include trade secrets, patents, trademarks, copyrights, codes, formulas, and licenses for and to use all of the foregoing. Unlike tangible assets that you can see, the use, transfer, disclosure, licensing, and protection of these assets is much more complex and requires professional expertise.
Some considerations relating to intellectual property transactions include:
- Valuation. Auctions, appraisals, consultants, and brokers can help value the asset.
- Due Diligence. Ownership authenticity and transferability should be secured.
- Licensing. Investigation into the rights, use, exclusivity, and duration is required.
- Non-Disclosure Agreements. Appropriate protections