Valuation of Intellectual Property: Prospects For African Countries

Abstract

The idea of Intellectual Property (IP) is sophistry, the value of which till date, eludes us. How do we measure or value intangible assets? The discussion on the how of Intellectual Property Valuation(IPV) makes no sense if we do not understand the concept of valuation. Unfortunately, IP laws in South Africa did not define IPV. The only legislation in South Africa that defines valuation, did so in the context of tangible property. This article shall begin with answering the question – Why value IP? We will explore the methods for valuing IP and question the universality of the methods while exploring the regulatory bodies that checkmate those methods. We will search through the courts' altitude on IPV and expose the problems of IPV. And finally, we will reveal the South Africa position as well as make recommendations towards the growth of South Africa and other African Countries.