An asset, in business terms, is any resource that enables you to run the business. Assets can be physical items like equipment or cash, as well as things like brand reputation and intellectual property.
An asset ownership or interest document is a legal document that acts as evidence of your company’s ownership of an asset including real estate, machinery, intellectual property (IP) rights and office buildings. For leased assets, this documentation should include a copy of the lease agreement containing the start and end dates of the contract, the terms and conditions as well as the roles and responsibilities of all parties involved.
It also includes evidence of the results of any screening performed by your company to verify ownership or mortgages prior to asset acquisition or lease.
Maintaining an up-to-date and comprehensive collection of asset ownership documents enables your company to:
Maintaining an up-to-date and comprehensive collection of asset ownership documents is important for an event tomorrow, as it: