Indicative offers are funding offers from third parties to provide funding for a business based on the terms detailed in the indicative offer. Because indicative offers are not significantly reliable and legally binding to materialise into the funding of the business, such offers are not robust to be valued in isolation for fair market value estimates. Business valuators do not value indicative offers as these do not fulfil the recognisable condition on intangible assets. In addition, the economic benefits associated with an indicative offer cannot be accurately and reliably measured given the high risk of such offers may not materialise.