Audits and intellectual property valuation

 

INTELLECTUAL PROPERTY VALUATION:

While development projects or concepts may be evaluated to support investment or budget planning choices, the topic of a valuation produced for external use must always be a marketable asset with a material value in the traditional sense. We regularly do intellectual property valuation of know-how, software copyright, and other types of utilization rights, even though they are generally intellectual property rights such as patents, trademarks, utility models, and designs.

Given that each of these entails special legal and industrial rights that can have a significant impact on their value, Spring Galaxy's team of experts' expertise and experience are critical to the process of conducting due diligence and analyzing the intellectual and industrial property rights to be valued. 

In technology IP, the qualitative or non-monetary portion of the valuation comprises several critical areas, including an intellectual property business and market study and technological analysis. As a result, we always put together a thoroughly hand-picked team just for each appraisal.

The purpose of the valuation and the intended application of the following valuation report has a big impact on the valuation process, so it's always a good idea to figure out what they are beforehand. We do several appraisals for Hungarian-based business customers, mostly in bookkeeping and accounting, though preparing for venture capital investment is also a specific aim.

Audit and Survey of intellectual property:

An audit of intellectual property valuation serves two purposes. On the one hand, we map the intellectual property richness of your company and identify all of its important components. This includes registered industrial property rights and intellectual property that has value despite its lack of registration, making it difficult to account for, for example, trade indications, know-how, and certain categories of copyrighted works. During the study, we compile an inventory of every intellectual property wealth worth maintaining separately, based on its value or relevance.

Another important audit goal is to evaluate your present intellectual property management procedures and suggest areas for improvement. Although this is important if your firm or school has patented ideas and developments, it is more important when valuable knowledge isn't protected.

In such circumstances, the most important way of preserving intellectual property riches is the right structuring of operational processes and agreements. Protecting the company's knowledge assets through employment agreements, agreements setting out the terms of relationships that may result in the creation of intellectual property, such as IT development-, creative-, and R&D agreements, or accounting for R&D activity and monitoring of restrictive operation measures, i.e., Freedom to Operate, should all be given special attention.

Creating an Intellectual Property valuation Policy that outlines the principles of IP management and process descriptions and templates for essential papers to help your team in their work can provide a comprehensive solution to the issues mentioned. This will offer you an overview of IP-related procedures, allowing your company to respond consistently with our help, regardless of when and with which staff member any particular issue arises.