Entities often buy or sell licenses of intellectual property (“IP”)—items such as patents, software, music, and scientific compounds. These contracts are common in industries such as technology, entertainment and media, pharmaceuticals and life sciences, and retail and consumer. ASC 606 Revenue from Contracts with Customers (ASC 606) provides accounting guidance for the licensing of IP. ... »
The most fundamental method of monetization is to turn your intellectual property into commercial products. Intellectual property represents the heart of commercial strategies, as is proven by its growing measure of the fixed assets in the enterprise value. Companies benefit from transforming their intangible assets into an opportunity. Therefore, the question is: are you doing enough to access th... »
Deriving monetary value from IP developments is known as IP monetization. Intellectual property is a combination of the human thought process and understanding how it will benefit the users and the owners. Monetization of intellectual property is one of the fundamental aspects, which motivate the creator to innovate for something. IP assets can be used to generate revenue to strengthen the overall... »