Cover image for Valuation of intellectual property and intangible assets
Title:
Valuation of intellectual property and intangible assets
Author:
Smith, Gordon V., 1937-
Personal Author:
Edition:
Third edition.
Publication Information:
New York : Wiley, [2000]

©2000
Physical Description:
xxix, 638 pages : illustrations, forms ; 25 cm.
General Note:
Includes index.
Language:
English
Contents:
The dominance of intellectual property -- Defining intangible assets and intellectual property -- Intangible assets and the business enterprise -- Accounting and tax issues -- Market value and accounting value -- Valuation principles and techniques -- Market and cost approaches -- Income approach : defining the economic contribution -- Income approach : capitalization of economic contribution -- Income approach : economic life -- When theory meets practice -- Licensing, royalty rates, and valuation -- Valuation issues in transfer pricing -- Special valuation situations --Valuation international -- Intangible assets in the utility industry -- Domain name valuation -- Early-state technology valuation -- Unique aspects of the not-for-profit organization.
Added Author:
ISBN:
9780471362814

9780471419433
Format :
Book

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Summary

Summary

This book is designed to simplify the process of attaching a dollar amount to intangible assets be it for licensing, mergers and acquisitions, loan collateral, or investment purposes. In plain English, the authors answer key questions, such as "What is intellectual property? How do I identify it?" They also provide examples of how to exploit it and methods for determining the economic remaining lives. They explain commonly used stratgeies for determining the value of intellectual property, as well as methods used to set royalty rates based on investment rates of returns.

The Third Edition has been significantly reorganized and revised. The book has been broken down into three sections: The Nature of Intellectual Property, Valuation, and Unique Circumstances. Revised and expanded to include up-to-date information on: including market value and accounting value, capitalization, licensing an royalty rates, domain name valuation, embryonic technology valuation, and university technology transfers. Also covered are tax strategies, income contribution, discount cash flow, infringement litigation, and bankruptcy and their impact on the valuation of intellectual property and intangible assets. The appendices include investment rate of return requirements, the Use and Abuse of the Iowa Curve, Sample Patent Registration, Sample Copyright Registration, and Sample Copyright Registration. This book is supplemented annually.


Author Notes

Gordon V. Smith is President of AUS Consultants. A graduate of Harvard University, he has been in the valuation profession for over 35 years and has served a broad spectrum of international clients. He is an Adjunct Professor of Law at Franklin Pierce Law Center and has lectured across the United States and in China, Korea, Europe, and South America. He is the Founder and Chairman of the Board of the Intellectual Property Management Institute. An active member of the International Trademark Association, Mr. Smith is the author of Trademark Valuation and Corporate Valuation: A Business and Professional Guide and co-author of Intellectual Property: Licensing and Joint Venture Profit Strategies, all published by John Wiley & Sons. His writings also include contributions to other Wiley intellectual property books.

Russell L. Parr, CFA, ASA, is President of Intellectual Property Research Associates and internationally known for his expertise in intellectual property royalty rates. He holds a Master's in Business Administration and a B.S. in Electrical Engineering from Rutgers University. Mr. Parr is responsible for completion of complex consulting assignments involving the valuation and pricing of patents, trademarks, copyrights, and other intangible assets. His opinions are used to accomplish licensing transactions, mergers, acquisitions, transfer pricing, litigation support, collateral-based financing, and joint ventures. He advises banks about the use of intangible assets as loan collateral and has served as an expert witness regarding intellectual property infringement damages. Mr. Parr is founder of the highly respected Licensing Economics Review , which is dedicated to reporting detailed information about the economic aspects of intellectual property licensing and joint venturing. His professional designations include Chartered Financial Analyst from the Association for Investment Management and Research and Accredited Senior Appraiser of the American Society of Appraisers.


Table of Contents

The Dominance of Intellectual Property
Defining Intangible Assets and Intellectual Property
Intangible Assets and the Business Enterprise
Accounting and Tax Issues
Market Value and Accounting Value
Valuation Principles and Techniques
Market and Cost Approaches
Income Approach-Defining the Economic Contribution
Income Approach-Capitalization of Economic Contribution
Income Approach-Economic Life
When Theory Meets Practice
Licensing, Royalty Rates, and Valuation
Valuation Issues in Transfer Pricing
Special Valuation Situations
Valuation International
Intangible Assets in the Utility Industry
Domain Name Valuation
Early-State Technology Valuation
Unique Aspects of the Not-for-Profit Organization
Appendices