The intangible assets of a business are often overlooked. This is commonly due to the un-familiarisation of what intangible assets are. Charterfields are experienced in appraising a company’s intangible assets in insolvency scenarios. The intangible assets of a business are commonly referred to as intellectual property. Such intellectual property assets include customer database, patents, copyright, brand name, trademarks, domain name, royalties and goodwill.
It is important to remember that the Data Protection Act 1998 plays an important role in the disposal of certain intangible assets, particularly where companies are operating in the business to consumer sector. Charterfields is registered under the Data Protection Act and is experienced at working within its guidelines.