1. Patents and Intangible Assets
There are specific types of intangible assets that are common among nearly every business and there are common problems that occur when discussing intangible assets (Nolan). ... Copyrights are similar to patents in the sense that they can be taken to a court of law as a way to defend the ideas. ... Finally goodwill, according to Cliff Notes, "equals the amount paid to acquire a company in excess of its net assets at fair market value. ... This combination of intangible assets is the most common among businesses. ... The most common problems arise from patents and copyrights. ...
- Word Count: 739
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate