Intangible assets have value to a business because they represent rights that are useful to the business.

Question

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Intangible assets such as patents, trademarks, copyrights, and brand recognition represent legal rights that can have significant value for a business. These rights can provide competitive advantages, prevent others from using similar names or ideas, and generate revenue through licensing agreements or sales. Therefore, intangible assets have value to a business.

Intangible Assets Have Value to a Business Because They Represent