While a seller would negotiate to get the maximum value of an IP, a buyer would negotiate to get the same IP at the minimum possible value. Though the perspective from which valuation of IP is done changes with the purpose of valuation, it is the ability to do “Technology Forecasting” where the thought processes of the buyer and the seller converge.
While a buyer may end up paying a heavy price for an IP which might face obsolescence due to competing technology or government policies, a seller may end up losing an IP at low price, in case he fails to see the promise in the related technology in near future. Thus the exercise of valuation needs the involvement of people who have hands-on experience in the related industry as they are the best judge to see the pros and cons of implementing a particular concept in view of a changing technology landscape which can drastically affect the value of an IP.
In fact, “Technology Forecasting” by domain experts is one of the key determinants in the valuation of intellectual property which can make or break the fortune of a company.