Do you own the rights to intellectual property? This may include artwork, design, or an invention, which you need to safeguard from illegal copying. If so, it would be best if you had the assistance of an intellectual property valuation expert. Here are some reasons it makes sense to take advantage of these services.
Safeguarding your intellectual property
Businesses struggle to identify the value of their intangible assets despite their significant contribution to their company’s value. Due to this, you will most likely find an imbalance in a listed company’s net asset backing and market capitalization value. Since intellectual property adds to the value of a company, appropriate management skills, such as accurate valuation of intellectual property, are needed to ensure businesses benefit from them. With the challenges involved in intellectual property valuation, it is essential to visit a qualified valuation expert for advice. Here are some of the reasons why you need to hire an intellectual property valuation expert.
Performing due diligence assessments
An IP specialist can help conduct due diligence on your intangible assets. That is primarily to help assess the quality or quantity of the asset you own or licensed under your name. It can help maximize your intangible asset’s value and boost your business’ balance sheet.
An IP specialist will offer you support and oriented strategies to negotiate settlements and agreements.
Help you verify the value of your IP
It is vital to start for the right price for your product or invention, but the problem is usually determining the correct and justifiable value. An intellectual property valuation expert can help you determine that value.
Draft vital agreements
Your attorney can help you draft vital agreements or documents like transfer of ownership or deeds of assignment, licensing agreement, and secret clauses for precautionary motives.
Here is what a written agreement typically covers:
- secret clauses as precautionary measures when you have to demonstrate your new product or invention.
- deeds of transfer or assignment, which you can use to transfer or assign a particular intellectual property.
- licensing agreements
IP Valuation Experts help reduce risk and increase profitability
GHB Intellect was formed through the direct case experience of working with a range of clients. Intending to provide reliable patent valuation services, we ensure that our clients are equipped with the best advice to provide their IP portfolios with the needed leverage.
GHB Intellect Services
Our reputation in IP strategy, management, and support is grounded in with over a decade of experience in the IP industry.
It can be daunting to attempt to sell a patent without proper support. Developing a strategic plan, developing effective material to showcase the value of the portfolio, finding connections to potential buyers, and determining how to negotiate the best deal, not only are time-consuming but also take tremendous experience in the industry. As a well-experienced and professional intellectual property firm, we help inventors and patent owners overcome those obstacles and achieve their goals. Reach out to us for custom solutions on how to sell your patent(s) hassle-free.