In today’s high-tech world, it is readily apparent that transactions involving IP assets require a combination of technical, marketing, business and legal expertise. These assets serve as both strategic and financial tools for growing a business. An industry-focused IP portfolio can be worth a substantial amount of money if properly managed and utilized. However, IP assets that are not contributing to the success of a company are sometimes ignored and neglected; these assets may not be achieving a good return on investment. Simply because IP assets are no longer relevant to a company’s business plan does not necessarily mean the IP is worthless. Rather than ignore the underutilized IP, the company could monetize the asset through divestiture, removing the IP from the portfolio and converting the asset into cash.