Identifiable Intangible Assets refer to intangible assets which can benefit from some form of legal protection such as Intellectual Property rights. Such intangible assets include patents, copyrights, trademarks, trade names, trade secrets, and brands. Identifiable intangible assets are recognisable and can generate economic benefits. Intangible assets are a class of assets without physical form (such as a building) which generate economic benefits to the owners. To estimate the fair market value of identifiable intangible assets, business valuators apply techniques under the market, asset and income valuation methods. Intellectual property rights protect owners of such assets to appropriate the economic benefits associated with identifiable intangible assets.