... (nonmonopoly) conditions, the difference is the value created by the intellectual property. The present value of theseprofit differentials, over the life of the intellectual property, is its truevalue ... 5.1Incremental Value The incremental value of intellectual property is the value it adds to itsowner. It is the difference between the value of an enterprise with the property and the value of the same ... distinguish between the value of the technology and the value of the intellectual property. If the firm did not have proprietary (exclusive) rights to the tech-nology (if, for example, the technology...