Distribution Rights is the copyright granted by the original owner of intellectual property rights to a third party. The Distribution Rights grant the copyright holder exclusive right to use, market, lease, or transfer copies of the protected work to the public. The exclusive rights from the copyright give the holder an advantage over competitors in appropriating all the economic benefits associated with the distribution rights. In business valuation, distribution rights fall under intangible assets because they can be identified and the potential economic benefits accurately measured separately from tangible assets. Intangible assets are a class of assets without physical form (such as a building) yet can generate economic benefits to the owners. Business valuators apply techniques under the market, asset and income valuation methods to estimate the fair market value of distribution rights.