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In the context of intangible assets, a formula could be a unique and proprietary set of instructions, procedures or algorithms that make a company special. It represents a carefully crafted method or secret recipe that gives the business an edge or enables it to deliver superior outcomes. Formulas can range from complex mathematics used in software development to manufacturing processes, quality control methods or strategic decision-making frameworks. The true value of a formula lies in its exclusivity, as it is not easily replicated by competitors. Formulas can create significant barriers to entry, enhance operational efficiency and generate long-term economic benefits. Proper identification, protection and deployment of formulas can strengthen a company’s intangible asset portfolio and contribute to its overall value and market position.