A podcast from my webinar with Juan Perez, IP lawyer with Quest Legal in Perth, Western Australia.
For most small businesses with profits under $500,000 dollars, the industry standard for values is to use an adjusted maintainable net profit for a single owner-operator. However, sometimes there is "hidden value" in a business in the form of intellectual property (IP).
Intellectual property (IP) in a business refers to any original creation of the mind, such as inventions, literary and artistic works, designs, and symbols used in commerce. It is a valuable asset that provides businesses with a competitive advantage over others. Intellectual property can be legally protected through patents, trademarks, copyrights, and trade secrets.
Sometimes, IP can help a business sell, increase its value and allow the owner to scale up through licensing or franchising.
Juan Perez is the founder and principal lawyer at Quest Legal in Perth. Jaun's background and expertise is in brand protection, intellectual property, IT, finance and commercial law. He assists businesses with finance operations, product management, transformational change and risk minimisation.
Download the handouts referred to in this Episode
The Power Of Intellectual Property - IP Checklist
The Power Of Intellectual Property - Summary of key IP Types
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