A computer based system and method for calculating the value of a license for an intellectual property asset between a licensor and a licensee based on the licensor and licensee investment in the license, as well as the predicted increase in product value due to the change in competitive advantage afforded by the intellectual property asset that is the subject of the license. The value of the license may be discounted to adjust for various risks or adjusted based on whether the license is exclusive, limited exclusive, or non-exclusive. The system and method calculates an equal return payment which represents the value of either a one-time, lump-sum payment or the present value of a royalty stream distributed over the lifetime of the intellectual property asset, the system and method of the present invention can place a discrete monetary value on an intellectual property asset.