What role do intangible legal assets (IP) play in business valuation? What are the procedures for this?

Intan­gi­ble assets often repre­sent a signi­fi­cant value for the owning company. Incre­asingly, these assets are being incor­po­ra­ted into corpo­rate finan­cing. Accor­din­gly, they also have an impact on mergers & acqui­si­ti­ons. In addi­tion to real estate and machi­nery, intan­gi­ble assets such as brands and patents can serve as valuable finan­cing instru­ments, e.g. as part of loan colla­te­ra­liza­tion, rating opti­miza­tion (Basel II) or sale-and-lease-back procedures.