Using intellectual property services in Oxford allows you to get a better understanding of how much your business is worth, and ensures that you have taken the steps necessary to protect assets such as patents, brand names, and trademarks. Intellectual property can be a complex area of business valuation, so it is important to work with experts to ensure your business is properly valued and protected.
What to Expect from an Intellectual Property Valuation?
The first step in valuation will be an IP audit. This allows the consultant to better understand the intellectual property involved in your business. This way they can put a value on any trade secrets, trademarks, patents, or other exclusive offerings from your company. This is important because these things are often what set one company apart from another. If they are not properly protected, you may find yourself facing unfair competition.
Once the IP valuation is complete, you will have a better idea of what this original content is worth it. This allows you to set licensing rates as well as put a more accurate value on your business.
There are many reasons why it is important to have an accurate, up-to-date value on your business’s IP stake. Using a company that specializes in intellectual property services in Oxford allows you to place a value on licensing agreements, helps when you want to liquidate assets, is necessary at tax time, and helpful if you plan to sell your business. In a worst-case scenario, if you face legal claims that may result in damage awards, you will need this valuation. Having the valuation in place before you need it will help bolster the financial strength of your company.
For more information visit OxFirst.com.