A Proprietary Process is an exclusive manufacturing process of a business entity or an individual which is protected by a patent, copyright or other forms of intellectual property rights. With the legally backed propriety rights, others cannot replicate the process without violation which may come with a heavy fine. In business valuation analysis, Proprietary Processes qualify as intangible assets because such assets can be recognised and the associated economic benefits measurable. Intangible assets are a class of assets without physical form with intrinsic value and economic benefits which can be appropriated. To estimate the fair market value of Proprietary Processes, business valuators apply techniques under income, market and asset methods.