Utilising Intellectual Property Assets As Security In Finance Transactions

1. INTRODUCTION

The use of Intellectual Property Rights ("IPR") in financial transactions is a more pertinent discourse today than ever before, particularly due to the explosion in the digital revolution and creative economy. Stakeholders from the creative economy and the business world are increasingly exploring means of harnessing the value domiciled in IPR to facilitate access to finance. Given the evolution of the global economy and the need for companies to leverage their available assets, intangible assets such as IPRs have achieved a status of commercial significance. This development has spotlighted the opportunities in using IP assets for various transactions.

This is evident from technological advancement and data revolution, intangible assets are becoming considerably more important to business operations. IPR commercialisation is predicated on the rationale of turning an original concept, an invention or an innovation into a financial asset, with the