An In-Depth Critique of Intellectual Property as a Business Asset: Valuation, Commercialization, and Taxation of Intellectual Property in Kenya

Abstract

The motivation behind this paper is to conceptualize the nature of intellectual property as a business asset in Kenya. The author intends to analyze the now widely accepted facets of intellectual property as a business asset namely valuation, commercialization, and taxation. Inquisitively the paper asks; What are the various approaches used when carrying out a valuation of intellectual property? How can intellectual property be commercialized in Kenya? How is intellectual property taxed in Kenya? The author appreciates the jurisdictional nature of intellectual property; hence, the discussion herein below is limited to Kenya. In doing so, the author shall; offer a brief introduction defining Intellectual Property, critique valuation, commercialization, and taxation of intellectual property in Kenya; and lastly, the paper shall give a conclusion.