Value Estimation Of Intellectual Property: Techniques, Methods And Parameters

Introduction

The concept of Intellectual Property (IP) has not evolved over a decade rather, the origins of Intellectual Property can be traced back to the year 1623 when the British Law: Statute of Monopolies came into existence. Since then, the concept of Intellectual Property has grown significantly. The protection of ideas and inventions generated by an individual's intellectual exercise is not limited to registration of Patents anymore. The field of Intellectual Property has been diversified into various branches like Trademarks, Patents, Copyrights, Designs, Plant Varieties, Trade Secrets and etc.

The distinct feature of intangibility makes the concept of Intellectual Property(IP) simple and complex at the same time. The nature of an IP is so simple that one can understand its importance just by looking around themselves. We are surrounded by IP's; from our tooth brush to our car, from our laptops to a small pencil it's all IP. Hence, to understand the