Question
Explain the situations where valuation of IP is important for an organisation.
Answer :
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intellectual property valuations and protection in the modern economy involves the strategic management and mitigation of IP risks.
Firms of all sizes and purpose are motivated by similar goals in the creation of such programs:
- to identify what constitutes a risk sensitive intangible asset;
- to address new and emerging threats to IP;
- to properly allocate available risk resources given limited funds; and
- to achieve compliance within the legal and regulatory environment in which they operate.
In this context, there are several trends emerging within the space.
First, IP is transitioning from exclusively a legal matter to that of a business/strategic issue; this is evidenced by the increasing number of organizations trying to leverage the value of their intellectual property, launch joint ventures utilizing IP, gain from the value of their patents, and utilize IP as a central tenant of a
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