Intangible Property
/ɪnˈtæn.dʒə.bəl ˈprɒp.ər.ti/
Definitions
- (n.) Property that lacks a physical form but has legal value, such as copyrights, patents, trademarks, and goodwill.
The company's intangible property includes its brand reputation and patented technology.
Related terms
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Commentary
Often distinguished from tangible property in asset valuation and legal treatment; careful drafting should specify the category of intangible property involved to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.