When an enterprise accepts investment in non-cash assets such as fixed assets and intangible assets, it shall take the value agreed in the investment contract or agreement (except unfair ones) as the entry value.

Unless the value agreed in the contract or agreement is unfair, what does this sentence mean?

1. If the intangible assets agreed in the contract or agreement are unfair, the cost of the intangible assets shall be determined according to the value of the contract and agreement. Otherwise, the recorded value of the intangible asset shall be determined according to the fair value.

2. The new standard stipulates that the cost of intangible assets invested by investors shall be determined according to the value agreed in the investment contract or agreement, unless the value agreed in the contract or agreement is unfair. If the value agreed in the investment contract or agreement is unfair, it shall be accounted for according to the fair value of intangible assets, and the capital reserve shall be adjusted according to the difference between the confirmed initial cost and the paid-in capital or equity.