Examlex
Jian is a well-known professor of labor relations at a major university. She recently was asked by representatives of labor and management at a nearby corporation to help them resolve a disagreement that threatened to cause a breakdown in negotiations. If Jian agrees to help, her role will be to encourage both parties to continue negotiating and to offer constructive advice and suggestions, but she will not have the authority to render a binding decision. Jian's role is that of a mediator.
Intangible Assets
Intangible assets are non-physical assets having value due to their intellectual or contractual rights and may include patents, trademarks, and goodwill.
Trademarks
Symbols, names, phrases, or logos registered or established by use as representing a company or product.
Goodwill
The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing future economic benefits.
Allocation
The distribution of a cost or expense across multiple departments, projects, or activities based on a predetermined criterion.
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