Multiple valuation methods are more important than ever for early stage IP engagements
At AUTM, Ken Levin, from the Department of Veterans Affairs, moderated a discussion on valuation and what industry thinks of the valuations Technology Transfer Officers put on their IP properties. His advise to these IP managers should be regarded seriously by any appraiser doing IP valuations work. Mr. Levin would have done Socrates proud, leading a [...]
The newest market data resource: eBay??
Forget Pratt’s Stats. Forget the IBA database. Forget RoyaltySource. Now there’s a new way to find out what intellectual property is worth! Traffic Sports USA, the Miami-based extension of Traffic Group, a Brazilian company, announced last week that had acquired the rights to the Carolina RailHawks brand. The RailHawks are a professional soccer [...]
Zyla shares his expertise on option pricing
Don’t forget to register for the “Advanced Workshop on Option Pricing Modeling” taking place Thursday, February 24. Featuring Mark Zyla, this intensive four hour workshop will include case studies and hands-on examples on applications such as: Employee stock option analysis Intangible asset analysis Discounts for lack of marketability Contingent considerations As this critical valuation technique [...]
Federal court rejects 25% patent infringement damages rule of thumb
By now, you’ve probably heard about last week’s decision in Uniloc U.S.A. v. Microsoft Corp., in which the Federal Circuit Court of Appeals resoundingly rejected the 25% “rule of thumb” in the calculation of patent infringement damages. Despite its prior wide use by patent authorities and passive acceptance among courts, the Federal Circuit declared the [...]
Advice to lawyers in the Uniloc case: hire a certified business appraiser. Duh.
BVR is closely following the latest decision in the huge Microsoft IP cases (we’ve covered every stage of this long-running case and appeal in BVWire). But, there’s at least one theme we want to emphasize at this early stage–that the “losing” expert is not credentialed by any of the valuation associations. So, here’s our [...]
Add-on certification in intangible asset valuation approved by ASA
The International Board of Examiners has approved the Business Valuation Committee of the ASA’s proposal for a certification in intangible asset valuation. Bill Quackenbush, BVC chair, tell’s BVWire that “we are now entering the implementation phase, and are working on developing the exams and process procedures for applicants.” The designation will be an “add on” [...]
Valuing an intangible asset? The CAC Monograph is a must read
BVWire has mentioned TAF’s monograph series frequently, but Monday at the ASA/CICBV Business Valuation Conference in Miami, Chris Mellon (Delphi Valuation) reviewed the importance of the their The Identification of Contributory Assets and Calculation of Economic Rents. “If you are involved in the valuation of intangible assets, this monograph is a necessity,” says Mellon. The [...]
Appraisal hurdles unique to promissory notes
At the recent Arizona Society of CPAs Business Valuation Conference Suzanne Daggert (Kotzin Valuation Partners) outlined several challenges to valuing promissory notes: In most cases the borrow and lender are related parties Most notes are issued without adequate financial disclosure or review of borrower creditworthiness Most of the private notes have terms which are not [...]
Business valuation gets an Oscar?
Appraisers will get a kick out of the country’s current number 1 hit movie The Social Network. Not only does it seem to be in line for a good Academy Award showing (no comments about what this says about the film industry in this country!), but it’s the first film with a story line driven [...]
Documenting the economic benefits of IP
Robert Reilly (WMA) says it’s worth simply outlining the economic benefits of a firm’s IP in any valuation report where intellectual property is material “even if it’s only that it’s better to have a license than not have one.” He usually recommends a simple bulleted list of a few items under headings such as: increased [...]
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