Why is the valuation of intangible assets becoming increasingly necessary? The uniqueness of intangible assets lies in the fact that they are not only sold but also made available for use. The usage fee is charged through licenses. The question of which licenses should be charged is rarely addressed in theory. At the same time, practice is often in search of appropriate, fair licensing fees. In accounting practice, the topic is currently being heavily discussed due to the obligation of publicly traded companies to prepare their consolidated financial statements according to IFRS. The valuation of intangible assets plays an important role in this context, especially in the accounting representation of corporate mergers. Another accounting-related reason arises from the BilMoG, according to which intangible assets are to be...