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Indian economy has been consistently growing to rank as world’s largest economy.
Speculators of developments see various exotic situations like joint ventures,
mergers & acquisitions, technology transfers, foreign direct investments. For all
these, valuations are quite important, especially for Intellectual Property Rights,
where a lot of possibilities exist.
Value is true representative of enterprise resources. It tells about the status of affairs
of the enterprise but more is the representation of all future benefits of ownership,
compressed into a single payment. Therefore, value is continually changing as the
future benefits increase or decrease, either with the passage of time or with changing
perceptions of what the future will bring. Value does not exist in the abstract and
must be addressed within the context of time, place, potential owners and potential
uses.
The new age Chartered Accountants have to understand the economics of IP
development & life cycles and its related technical aspects including IP portfolio
Management Matrix to do justice to economic –financial accounting valuations.
The present publication covers some of these aspects to give Chartered Accountants
a feel of such tools. I sincerely hope that readers would find it useful. I am thankful
to CA. Pradeep Tibrewla who has painstakingly authored the basic draft of the
publication. I would like to place on record my sincere thanks to all the members of
the Committee on Trade Laws and WTO for the year 2006-07 namely, CA. T. N.
Manoharan, President, CA. Sunil Talati, Vice-President, CA. Manoj Fadnis, Vice-
Chairman, CA. S. Gopalakrishnan, CA. Amarjit Chopra, CA. Harinderjit Singh, CA.
Pankaj I. Jain, CA. V. Murali, CA. Uttam Prakash Agarwal, Shri Jitesh Khosla, Shri
Sidharth Birla, CA. Bhavna G. Doshi, CA. Kishore S. Peshori, CA. Abhay V. Arolkar,
CA. K. Ravi, CA. R. Panchapakesan, CA. V. Srinivasu, CA. Jagdeep Singh Chopra,
CA. Venugopal C. Govindan Nair, Shri M. K. Anand, Joint Director, Ministry of
Commerce & Industry and Shri P. K. Patni, Deputy Controller of Patents and
Designs for rendering their support in bringing out this publication and all the
initiatives taken by the Committee during the year.