IP as a Swiss Army knife without instructions?
Within an article by Ceri Wells at Lexology:
I’d always appreciated that IP was an intangible asset. That it could be transferred from person to person, and from country to country, with a simple flourish of the pen at the bottom of a deed of assignment. Of course its value is also highly subjective, and IP is incredibly difficult to value. Methods of defining and valuing Intellectual Property are more numerous and diverse than excuses for the Auckland Blues’ poor performance in recent years. Before it is commercialised, a patent could be worth millions of dollars or one cent, depending on who’s looking at it, who wants it, or how it is valued.
That’s why IP hits every serious business and tax strategist’s sweet spot - something I realised when I began working with Auckland-based international tax planner and strategist, Thomas Carden of US Global Tax in developing capital raising strategies for Kiwi entrepreneurs. IP is so useful because it is an asset that is difficult to value, can be transferred from jurisdiction to jurisdiction in an instant, and there is no real Government control over its movement.
Ideas of Xerox turned out to be more valuable in the hands of others than with Xerox.