Short Description of the Friendship Between Mbonea and Max-Planck

Mbonea secondary school in Tanzania and Max-Planck Gymnasium in Germany are in Partnership since 2005, when these schools signed contract of partnership. These schools assist another in many activities socially and economically, for instance current Max-Planck is in process to raise funds to finance solar project in Mbonea secondary school, also there are dialogues being conducted as a means to strengthen relationship between the students of these schools, in the near future there will be exchange program in which students from Max-Planck will visit Mbonea secondary school, similarly to mbonea students.

intangible assets

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. There are two primary forms of intangibles - legal intangibles (such as trade secrets (e.g., customer lists), copyrights, patents, and trademarks) and competitive intangibles (such as knowledge activities (know-how, knowledge), collaboration activities, leverage activities, and structural activities). Legal intangibles are known under the generic term intellectual property and generate legal property rights defensible in a court of law. Competitive intangibles, whilst legally non-ownable, directly impact effectiveness, productivity, wastage, and opportunity costs within an organization - and therefore costs, revenues, customer service, satisfaction, market value, and share price. Human capital is the primary source of competitive intangibles for organizations today. Competitive intangibles are the source from which competitive advantage flows, or is destroyed. The area of finance that deals with intangible assets is known as Intangible Asset Finance.