„Friendship is friendship, but accounts must be kept“ is a common sense approach that has a lot of truth to it.
A neutral authority is indispensable, especially when assessing monetary value.
An authorized expert is required to maintain their neutrality and impartiality at all times, whether in the courtroom or for private contracts and is liable for the correctness of the evaluation.
Chemical processes are particularly dependent on high quality, neutral assessments as most of the plants and machinery in use are prototypes whose functionality and value depend on many factors. Besides age and operating hours, the maintenance schedule and general care of the system play major roles in the value of plants and machinery.
An authorized expert’s excellent education and experience enable them to evaluate all of these factors and utilize them to create a strong factual basis for decisions and negotiations.