The document discusses rationales for valuing intellectual property (IP). It outlines five key reasons: 1) Utilizing legal protection by understanding the extent of harm from infringement. 2) Dictations of corporate structure, as valuation exposes hidden assets making corporations more attractive investments. 3) Serving as a business indicator of management performance. 4) Acting as collateral for intellectual property to leverage credit. 5) Providing tax benefits through amortizing the declining value of depreciating IP over its estimated useful life. The conclusion is that IP valuation will become standard practice given the dominance of IP assets in commerce.