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Have you identified your business’s intangible assets?

26 November

4 mins

As the economy shifts to being primarily knowledge-based, intangible assets that lack physical substance are becoming ever more important. Whilst tangible assets, such as equipment and financial assets are still important, the emphasis is changing.

Intangible assets can include:

These assets can be considered either disclosed (e.g. patents or design rights), or undisclosed (e.g. know-how and trade secrets), and both types can be some of the core possessions of your business.

Whilst intangible assets don’t have specific recorded value, and can be hard to valuate, they can hold long-term value and add to your overall company worth. For example, such assets can be commercialised and used to generate revenue and growth for your business in an ongoing, sustainable manner.

Identifying your intangible assets is an important task that requires dedicated consideration. Overlooking such aspects can negatively impact the progress and future of any business and potentially undermine its value. Note that intangible assets can be created or acquired, and it is therefore important to not only consider your own assets, but those of competitors you may wish to acquire or license to grow your portfolio.

Intangible assets can be critical to your success and it is therefore essential to identify and value them, so that they can be appropriately protected. Mathys & Squire, together with Mathys & Squire Consulting, offer unique commercial expertise; particularly in identifying and protecting IP and intangible assets of most commercial value.

For more information on the importance of intangible assets for your startup, as well as their potential value and methods of protection, read our article here.

Written by: Andrew White and Lindsay Pike