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PRINTABLE INTANGIBLE ASSETS

The document discusses intangible assets, which are non-physical assets like patents and trademarks, and their classification as either indefinite or definite. It outlines various types of intellectual property law, including patents, copyrights, trademarks, and trade secrets, along with their duration and protection. Additionally, it explains the concepts of mergers and acquisitions, focusing on the recognition and measurement of intangible assets and the impairment review process.

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Haider Jaffar
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9 views

PRINTABLE INTANGIBLE ASSETS

The document discusses intangible assets, which are non-physical assets like patents and trademarks, and their classification as either indefinite or definite. It outlines various types of intellectual property law, including patents, copyrights, trademarks, and trade secrets, along with their duration and protection. Additionally, it explains the concepts of mergers and acquisitions, focusing on the recognition and measurement of intangible assets and the impairment review process.

Uploaded by

Haider Jaffar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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10-Feb-2024

Intangible Asset
Corporate Law An intangible asset is an asset that is not
physical in nature, such as a patent, brand,
trademark, or copyright. Businesses can create
or acquire intangible assets. An intangible asset
can be considered indefinite (a brand name, for
INTELLECTUAL PROPERTY example) or definite, like a legal agreement or
contract.

DR. AISHA JAVERIA DR. AISHA JAVERIA

Learning Objectives

Intangible Assets
Intellectual Property
Intellectual Property Law
Intellectual Property Law and types

DR. AISHA JAVERIA DR. AISHA JAVERIA


10-Feb-2024

Intellectual Property IP- Patents


Intellectual Property (IP) law relates to the A patent is an exclusive right granted
establishment and protection of intellectual for an invention. In other words, a
creations such as inventions, designs, patent is an exclusive right to a
product or a process that generally
brands, artwork and music. provides a new way of doing
something, or offers a new technical
solution to a problem.

DR. AISHA JAVERIA DR. AISHA JAVERIA

Types of intellectual property law


Intellectual Property Law includes IP- Copyright
Patents, Copyright is a TYPE of intellectual property
Copyrights, right, which means that IPR is an umbrella term.
Trademarks, and Intellectual property is set for intangible assets
that are legally protected and owned by a
Trade secrets.
company or an individual and it includes
All of these areas are related in that they deal with trademarks, patents, industrial designs and
protecting products of the mind but in other ways
they are very different. copyrights.

DR. AISHA JAVERIA DR. AISHA JAVERIA


10-Feb-2024

IP- Trademarks Timeline of Intellectual Property Rights


A trademark can be any The duration of these rights varies:
word, phrase, symbol,
design, or a combination of Copyrights last a lifetime plus 70 years,
these things that identifies Patents typically 20 years, and
your goods or services. It's
how customers recognize you Trademarks can endure indefinitely with proper
in the marketplace and maintenance.
distinguish you from your
competitors. Trade secrets, on the other hand, remain protected as long
as they are kept confidential

DR. AISHA JAVERIA DR. AISHA JAVERIA

IP- Trade Secret Mergers & Acquisition


Trade secrets encompass Both terms often refer to the joining of two
both technical companies, but there are key differences involved in
information, such as when to use them.
information concerning A Merger occurs when two separate entities
manufacturing processes, combine forces to create a new, joint organization.
pharmaceutical test data, An Acquisition refers to the takeover of one entity
designs and drawings of .. by another.

DR. AISHA JAVERIA DR. AISHA JAVERIA


10-Feb-2024

Mergers & Acquisition - contd Mergers & Acquisition - contd


The application of the acquisition method involves four The “Intangible Assets”, when an intangible asset is recognized, an
steps: History of intangible assets assessment must be made of whether it has a limited or
Identifying an acquirer; History of intangible assets unlimited useful life.

Determining the acquisition date; History of intangible assets If the intangible asset has a limited useful life, it must be
systematically amortized over its useful life. On the other hand, if
Recognizing and measuring the identifiable assets, assumed the intangible asset has an unlimited useful life, the asset must not
liabilities, and any non-controlling interest in the acquiree; and be amortized, but subject to impairment review test in accordance
Recognizing and measuring goodwill or a again from a bargain with applied law “Impairment of Assets”.
purchase.

DR. AISHA JAVERIA DR. AISHA JAVERIA

Mergers & Acquisition- “Impairment of


Mergers & Acquisition - contd Assets
Next step in applying the acquisition method involves Impairment review test for intangible assets with unlimited
recognizing and measuring the identifiable assets acquired, lives must be carried out annually by comparing
the liabilities assumed and any non-controlling interest in the carrying amount of the asset with its recoverable
the acquiree. amount. If the recoverable amount of the intangible asset is
Then recognizing and measuring the acquiree’s intangible less than its carrying amount, an impairment loss must be
assets including goodwill. History of intangible assets recognized. Impairment review test can be conducted at any
other times than annually where there is an indication of
impairment

DR. AISHA JAVERIA DR. AISHA JAVERIA

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