Intellectual property or IP Valuation is a legal right that grants the owner of the rights or ‘right holder’. They are some things that are above human intellectual creativity, which can be divided into two kinds. First, industrial property, and second, copyright that can be split into another eight types as shown below:
- Patent
- Petty patent
- Trademark or Brand name
- Trade secret
- Geographical Indications
- Plan of integrated circuit
- Plant variety protection
- Local wisdom
These are considered intangible assets owned by individuals and business juristic. Usually, copyright valuation will be compared to other properties under ‘Brand’ in order to see the potential in terms of generating income of the existing right. The comparison criteria are the rights in the market that can be offered for rent for a similar product or service.
