{"id":4320,"date":"2021-06-04T16:58:02","date_gmt":"2021-06-04T06:58:02","guid":{"rendered":"https:\/\/tm.legalvision.com.au\/?p=4320"},"modified":"2021-06-28T15:12:44","modified_gmt":"2021-06-28T05:12:44","slug":"value-ip-assets","status":"publish","type":"post","link":"https:\/\/trademark-registration.com.au\/information\/value-ip-assets\/","title":{"rendered":"How to Value Your IP Assets"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Business owners often overlook the value in their <a href=\"https:\/\/trademark-registration.com.au\/information\/ip-for-my-startup\/\">business\u2019 intellectual property<\/a>. However, a business\u2019 IP can end up being one of the most valuable assets it owns. This article outlines:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the two main steps that you should take to value your IP; and&nbsp;<\/li><li>why a business might choose to value its IP.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Before Valuing Your IP Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Before you even begin to consider valuing the IP in your business, you must first determine what IP your business actually owns. You can determine the source of your business\u2019 IP by <a href=\"https:\/\/trademark-registration.com.au\/information\/intellectual-property-audit\/\">conducting an IP audit<\/a>.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>An IP audit is the systematic review of a business\u2019 intellectual property.<\/p><p><\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">An IP audit not only identifies the IP that exists within the business, but also identifies other important features such as:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the legal owner of the IP; and&nbsp;<\/li><li>how the business should use its IP.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Once you have completed an IP audit, you should compile a database or a register to keep track of the <a href=\"https:\/\/trademark-registration.com.au\/protection\/trade-mark-law-blog\/\">IP assets<\/a> within the business.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IP audits are usually conducted by a team of specialised IP lawyers and representatives from your business\u2019 management. Whilst there is no formal requirement that a specialised person must conduct the audit, it would be beneficial to engage a lawyer who has expert knowledge in identifying IP.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IP Valuation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once you have determined the source of your IP assets and the benefit of these IP assets through an audit, you can then undertake IP Valuation.<strong> <\/strong>IP valuation can be important for:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>legal and accounting requirements; and<\/li><li>taxation liabilities.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Similar to conducting an IP audit, professionals and specialists in the field should conduct an IP valuation. You should note that the value of your IP the specialist determines is only a realistic estimate of the IP value. Only once you sell or transfer the IP can you determine the actual value of the IP.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Methods Of IP Valuation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There are three different methods of valuation that a specialist in the field might use to value your IP.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first method, known as the income method, is the most commonly used for IP valuation. Essentially, this method determines the value of your IP based on the amount of income that the IP is expected to generate. This is then adjusted to its present value.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>For example, a valuer might determine the value of your copyright on the basis of the income method if your copyright is being regularly licenced to other businesses.&nbsp;<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Another method you can use to value IP is the market method. This is where the value of your IP is compared to the price paid for the sale of similar IP assets in comparable circumstances.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>For example, if a bookstore recently sold its trade marked logo to another company, a valuer might determine the value of your trade marked logo based on the other logo\u2019s sale price if your business was a comparable book store.&nbsp;<\/p><p><\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Lastly, the cost method determines the value of IP by calculating the cost of a similar IP asset. This method, however, cannot account for any unique characteristics of your asset and relies on equivalent IP assets to be in existence.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Value Your IP Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As mentioned previously, IP valuation can be important for accounting and taxation purposes. However, IP valuation can also be useful in the instances where you want to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>improve business decision making, particularly in relation to future growth and investment opportunities;&nbsp;&nbsp;<\/li><li>use IP assets as collateral for obtaining finance for your business;<\/li><li>attract investors and venture capitalists to invest in your business;&nbsp;<\/li><li>negotiate licences for your IP assets; and<\/li><li>settle disputes in the instance where someone has infringed on your valuable IP rights.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Before you begin to undertake IP valuation, it is important that you identify both the:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>source of the IP within your business; and&nbsp;<\/li><li>benefit of the IP to your business.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">A specialist lawyer can help conduct IP audits to identify the IP your business owns and uses. Once you have identified the IP assets, a specialist expert can help estimate the value of the IP asset based on a valuation method that best suits your IP. If you need help with <a href=\"https:\/\/trademark-registration.com.au\/understanding-trademarks\">undertaking an IP valuation<\/a>, our <a href=\"https:\/\/trademark-registration.com.au\/trademark-lawyer\">experienced IP lawyers<\/a> can assist. Call us on <span class=\"AVANSERnumber\"><a href=\"tel:+611300657423\" class=\"dynamic-number\">1300 657 423<\/a><\/span> or complete the form on this page.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1622788709659\"><strong class=\"schema-faq-question\"><strong>How often should I conduct an IP audit?<\/strong><\/strong> <p class=\"schema-faq-answer\">IP audits are usually conducted yearly to ensure that your IP information is up to date. However, you can undertake IP audits more frequently depending on the size of your business and how often it uses IP.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1622788722856\"><strong class=\"schema-faq-question\"><strong>Can anyone conduct an IP audit and an IP valuation?<\/strong><\/strong> <p class=\"schema-faq-answer\">There are no strict requirements that a particular person conducts your IP audit or your IP valuation. However, it would be wise to contact a specialist in the field to undertake the audits and valuation.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1622788737922\"><strong class=\"schema-faq-question\"><strong>What is the most valuable IP?<\/strong><\/strong> <p class=\"schema-faq-answer\">The value of your IP depends on a range of factors. For example, a trade mark is closely linked to the goodwill of a business. In this instance, the stronger your business\u2019 goodwill, the higher the value of your business\u2019 trade mark.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business owners often overlook the value in their business\u2019 intellectual property. However, a business\u2019 IP can end up being one of the most valuable assets it owns. This article outlines: the two main steps that you should take to value your IP; and&nbsp; why a business might choose to value its IP.&nbsp; Before Valuing Your [&hellip;]<\/p>\n","protected":false},"author":13266,"featured_media":3978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[98],"tags":[122,143,161,162],"class_list":["post-4320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-medium-business","tag-ip-assets","tag-ip-valuation","tag-ip-audit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Value Your IP Assets | Trade Mark Registration<\/title>\n<meta name=\"description\" content=\"Business owners often overlook the value in their business\u2019 intellectual property. 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He is in the process of completing a Bachelor of Laws and Bachelor of Arts at the University of New South Wales. As a Legal Content Writer, George is able to combine both his interest in law with his passion for literature.","sameAs":["laini.bennett@legalvision.com.au"],"url":"https:\/\/trademark-registration.com.au\/author\/georgeraptis\/"},{"@type":"Question","@id":"https:\/\/trademark-registration.com.au\/information\/value-ip-assets\/#faq-question-1622788709659","position":1,"url":"https:\/\/trademark-registration.com.au\/information\/value-ip-assets\/#faq-question-1622788709659","name":"How often should I conduct an IP audit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IP audits are usually conducted yearly to ensure that your IP information is up to date. However, you can undertake IP audits more frequently depending on the size of your business and how often it uses IP.","inLanguage":"en-AU"},"inLanguage":"en-AU"},{"@type":"Question","@id":"https:\/\/trademark-registration.com.au\/information\/value-ip-assets\/#faq-question-1622788722856","position":2,"url":"https:\/\/trademark-registration.com.au\/information\/value-ip-assets\/#faq-question-1622788722856","name":"Can anyone conduct an IP audit and an IP valuation?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"There are no strict requirements that a particular person conducts your IP audit or your IP valuation. 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