Intangible Assets are those that cannot be physically perceived, as they are immaterial in nature. Some Intangible Assets have a limited life, such as Patents, Utility Models, Industrial Designs or Copyright, while others have an unlimited life, such as Know-How or Trademarks, which can be renewed indefinitely.
Intangible Assets contribute to the development and operation of a company because they are value generators, being able to produce revenue and shut out competitors. They can be divided into three categories:
> Commercial Intangibles: Trademarks, Trade Names, Copyright, Domain Names, Know-How, among others;
> Manufacturing Intangibles: Patents, Utility Models, Industrial Designs, undisclosed technical Know-How, Trade Secrets, manufacturing processes, among others;
> Mixed Intangibles: corporate reputation, business models, among others.
It is important to get the right advice regarding their exploitation, i.e. through licensing, assignment, franchising, etc.