“Intangible assets” are assets like trade names, trademarks, logos, copyrights, software,
patents, and industrial designs. They are legal rights that a business can own. To protect these
rights, patents and trademarks should be registered.
Patents can cover things like new inventions, creative ideas, software, and even the means
through which you conduct your business.
With patents for new inventions or creative ideas, the window of time is relatively short before
they expire. If the invention or idea is your own, it may be best to sell to the highest bidder,
since they may be able to better market or manufacturer your invention. If you’re looking to
purchase an existing patent, and early offer to buy may work in your favour.
Need more information? Call us at 204-478-7266, ext. 110. or click
https://www.bealbusinessbrokers.ca/buying-a-business/ to download our free e-book on
buying a business.