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Growing Value

Value from Intangible Assets

The management and guardianship of intellectual property should be just as important as managing any other business asset, but it is difficult to think of another class of corporate asset which is subject to such careless stewardship. This is particularly apparent when it comes to the governance of intellectual property, as many intellectual property based relationships depend upon self-reported activity.

The successful policing of these self-reporting entities is a matter of real importance in the post-Enron environment. Declarations made under self-reporting relationships almost invariably reveal misreporting when properly examined. These are not usually deliberate: the errors may often be a consequence of complex agreements, unclear lines of responsibility, system weakness and clerical error.

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