The Royalty rates as the key parameter of the Valuation of the Intellectual Property to the Transfer of Intellectual Property

Intellectual property creates very important part of value of many companies and it is also very important for their economic and financial prosperity. The aim of the article is to clarify the issue of appropriate royalties to the transfer and valuation of intellectual property. The idea of this article is to give an overview of the field of the transfer of intellectual property and also to show how transfer of intellectual property can be used as a constructive tool for practice, industry, innovation or whole development of society. Transfer of chosen part of intellectual property is related to the valuation of this part of intellectual property. One of the key parameter of the valuation by the relief of royalty method is the amount of the royalties. The main goal of the article is to research this appropriate amount by using national and international sources and to define the process of valuation of the chosen part of intellectual property.