<p><span><span><span><span><span><span><span><strong><span><span><span>Patent/intellectual property: </span></span></span></strong></span><span><span><span><span><span>The official legal right to make or sell an invention for a particular number of years (Cambridge Dictionary).</span></span></span></span></span><br />
<span><span><strong><span><span><span>Book value of the patent/intellectual property: </span></span></span></strong></span></span><span><span><span><span><span><span>Value that a patent has in the balance sheet of the initiative.</span></span></span></span></span></span></span></span></span></span></span></span></p>
