Definition: Gross investment in concessions, patents, licences, trade marks and similar rights
These investments include the value of rights which limit the use of information, knowledge and know-how, to the unit who owns the rights (or to other licensed users), in so far as they may be capitalised under national laws. Included are rights both purchased and produced by the unit during the reference year, where they are intended to be used for more than one year.
These rights are valued at purchase price or production cost.
Included are the costs of purchasing licences, trademarks, patents, concessions and similar rights from third parties. As well as the cost of registering for these rights, included in the cost of rights produced by the unit, are the costs of developing the knowledge and know how and the gathering new information prior to the registration of the rights. Examples of the gathering of information and development of knowledge are the development of computer software, mineral exploration and the production of entertainment, literary and artistic originals.
Excluded are costs included under Intra-mural R&D expenditure.