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 expert can help conduct due diligence. 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.
Your IP expert will offer you advice and oriented strategies to negotiate settlements and agreements within or even outside legal proceedings. They can help you contact third counterparts or parties initiating the negotiations and ensuring that they execute the result of every deal in the best and most effective way.
Help you verify the value of your IP
It is vital to put the right price on your product or invention, but the problem is usually determining the correct value. An intellectual property valuation expert can help you determine that value, considering various factors. However, the two most crucial factors are requirements and cost, although most are not automatically fixed. The nature and location of your product or property are also essential factors.
Draft vital agreements
Your IP expert or lawyer can also help you draft vital agreements or documents like transfer of owners or deeds of assignment, licensing agreement, and secret clauses for precautionary motives. Whenever you’re preparing your legal agreement, your IP expert will be there to give you all the expert guidance you need.
Here is what a typically written agreement typically covers.
- Draft secret clauses as precautionary measures when you have to demonstrate your new product or invention.
- Draft the deeds of transfer or assignment, which you can use to transfer or assign a particular intellectual property.
- Drafting licensing agreements
An intellectual pretty expert can also interpret regulations and laws for you. They can also
conduct the needed research to prepare various documents.
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.
GHB Intellect is a full-service intellectual property consulting and engineering services firm. With a growing cadre of hundreds of industry-seasoned experts & professionals, as well as access to full suites of design and testing equipment, we specialize in high-tech, science, and innovation.