A Technology Sharing Agreement is a legal agreement which technology owners execute with third parties to license and grant access to the intellectual property rights such as patents, trademarks, and copyright, of the owners. In business valuation analysis, Technology Sharing Agreements qualify as intangible assets because they can be recognised, accurately measured, and have intrinsic value to the owner. Intangible assets are a class of assets without physical form which can generate significant value to owners. In determining the fair market value of a technology-sharing agreement, business valuation analysts apply techniques under income, market and asset methods.