intellectual property

Definition
Any intangible asset that consists of human knowledge and ideas. Some examples are patents, copyrights, trademarks and software. Most such assets cannot be recongized on a balance sheet when internally generated, since it is very difficult to objectively value intellectual property assets (slightly different rules apply in the case of software). They can, however, be included in a balance sheet if acquired, which allows a more accurate valuation for the asset (that is, the acquisition cost).




intellectual property is ...
... part of the
Law & Estate Planning and Business subjects.


Related Terms

licensing -  More
public domain -  More
going-concern value -  More
price to book ratio


intellectual property appears in the definitions of these other terms on BusinessDictionary.com

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