Legal Definitions - intangible property

Intangible Property refers to property that does not have a physical form. This means that you cannot touch or see it. Examples of intangible property include:

• Patents: exclusive rights granted to an inventor for their invention
• Trademarks: a symbol, word, or phrase that identifies and distinguishes a product or service from others
• Copyrights: exclusive rights granted to the creator of an original work, such as a book or song
• Trade secrets: confidentialinformation that gives a business a competitive advantage

Some intangible property may have a physical form, such as stocks or bonds, but others, like intellectual property, do not. Because intangible property is not physical, it can be difficult to value, but it is still considered a form of property.

For example, a company may have a trademark for their logo. This trademark is intangible property because it cannot be touched or seen, but it is still valuable to the company because it helps customers identify their products. Similarly, a writer may have a copyright for their book. This copyright is intangible property because it is not a physical object, but it still gives the writer exclusive rights to their work.