Strategic Value

May 14, 2008
Intellectual Property News and Interesting Facts

Intellectual Property normally starts off as an idea in your head and ends up as a creation of the mind. Only when the idea has been formalized into some sort of tangible property can it be said to have any value. Formalization occurs with the granting of a patent or the registration of a design or trademark. At this stage the intellectual property can be said to have commercial or strategic value. Once Intellectual Property has strategic or commercial value it can be treated in business as an asset on the balance sheet and has a monetary value associated with it. It doesn’t matter what sort of business you have, it will probably gain strategic value by intellectual property that is generated by either yourself or your employees. It is very important to protect the intellectual property you possess and to exploit its commercial and strategic value in the best way possible.