(1) In this section -
"average overall income from intellectual property" in respect of an accounting period means the lower of -
(a) the overall income from intellectual property for an accounting period, or
(b) an amount calculated as:
A x N
where -
A is the average monthly overall income from intellectual property for the last 60 months, and
N is the number of months in the accounting period;
"company threshold amount" means €7,500,000 and where an accounting period is shorter than 12 months, this amount shall be reduced proportionately;
"intellectual property for small companies" means inventions that are certified by the Controller of Patents, Designs and Trade Marks as being novel, non-obvious and useful;
"overall income from intellectual property" means the following amounts arising to the company in respect of an accounting period -
(a) any royalty or other sums in respect of the use of intellectual property,
(b) where the sales price of a product or service, excluding both d
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