Intangible Assets

Intangible assets are identifiable, non-monetary assets without physical substance having future economic benefits. Identifiability of an intangible asset, can arise from legal or contractual rights and the owner of the asset can control and restrict the access to the future economic benefit. 

Intangibles are increasingly becoming a key component in determining the value of an enterprise. Some of the generally considered intangible assets in various industries include: 

  1. IT industry: Patents, technical know-how, internet domain names, technology, software codes, customer relationships 
  2. Pharmaceutical industry: Product molecules, in-process research and development, licensing agreements, trade names, trademarks and brands 
  3. Telecommunication industry: Telecom spectrum, licenses, software, customer relationships, trademarks
  4. Business services industry: Customer relationships, pending order book, non-compete agreements. 

Why value your intangible assets?

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