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Assets are generally divided into two major categories:
physical assets which include buildings, machinery, and financial assets and Intangible Assets which include creations of
the mind such as inventions, literary and artistic works, and symbols, names, images, and designs used in commercial processes.
Laws create legal protection for various categories of intellectual property which results in these intangible assets
and their owners being given certain exclusive property rights for specified periods of time. Legal terms which reflect
these property rights include patents, copyrights, trade secrets, and trademarks.
These intangible assets often require
valuation by an experienced valuator as a result of legal proceedings such as estate valuations or commercial disputes. If
you need assistance with such a matter, please give us a call for a no obligation initial consultation.
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