✈ January 25, 2017, Avicor Aviation Inc.
Something that is used, produced, or marketed uner exclusive legal right of the inventor or maker;...that is protected by secrecy, patent, or copyright against free competition as to name, product, composition, or process of manufacture. (Source: merriam-webster.com)
In-tel-lec-tu-al Prop-er-ty, noun:
Intangible rights protecting the products of human intelligence and creation, such as copyrightable works, patented inventions, trademarks, and trade secrets. Although largely governed by federal law, state law also governs some aspects of intellectual property. (Source:thefreedictionary.com)
Over the years of having your aviation business you have made it unique. There may be certain ways of doing things that you have developed. Maybe your logo has become recognizable in the industry. Or you have developed a product that stands out and differentiates you from your competition. Is there something in your aviation business that makes it different from your competitors?
Could any of these unique factors increase the value of your company?
In many aviation businesses there are already proprietary procedures that may be documented and registered. For example, these may include STCs and PMAs. Certification through the FAA is essential for these, and an integral part of the business, but there may be other procedures, methodologies or even what you call certain processes that could be identified and may provide an opportunity to increase your corporate value.
Some of the ways that you may be able to add value to your company by identifying unique factors include:
And, of course, there are trade secrets. Certain methods or ways of doing things that set your business apart. While most things this may apply to in aviation are highly regulated, there still may be procedures that you have developed in house.
Consider your business. What do you have of value that has not yet been identified?
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