Most lawyers know that the value of a business is made up of the value of its assets. Tangible assets like stocks, bonds and real estate have relatively straightforward methods of valuation. By contrast, intangible assets such as patents are much harder to value. Continue reading →
Intellectual property has almost limitless value. Microsoft Corporation has a stranglehold on computer operating systems due to its intellectual property. If the Windows™ operating system could be freely copied, Microsoft would be devastated. If the Coca-Cola Company did not obtain and enforce its many trademarks, we might all be drinking Pepsi™. Intellectual property protection promotes growth by limiting competition.