When it comes time to part ways between business partners, there may be a lot of heartache in the process. There might be an even more complicated asset division as well. Whether the split is strictly business or an overwhelming process, it is important to understand how to evaluate your business assets—including the non-tangible assets like intellectual property.

The value of the intellectual property comes from its exclusivity. Your logos, blueprints and trade secrets are yours. They provide value to your business and no one without permission may use them. According to the World Intellectual Property Organization, there are three common ways to value these assets.