Eight of the ten companies are unable to prove they actually own their intangible assets. That is, they suffer from chain of title issues. Intangible assets are unlike physical or tangible assets, in that they are often off-balance sheet and don’t feature on any kind of asset register or inventory. When you throw in issues such as joint development arrangements, outsourced contracting arrangement, restructures and employment disputes it is often very difficult to actually pin down exactly who owns what.
In this video, EverEdge CEO Paul Adams shares insights into how you can mitigate the risk of not being able to prove ownership of your intangible assets.