Legal Definitions - intangible thing

Definition: An intangible thing is something that cannot be touched or physically grasped. It is a type of property that has no physical existence, but still has value.

Examples of intangible things include:

• Intellectual property, such as patents, trademarks, and copyrights
• Goodwill, which is the value of a company's reputation and customer loyalty
• Brand recognition, which is the level of awareness and familiarity that consumers have with a particular brand
• Human capital, which is the knowledge, skills, and experience of a company's employees

These examples illustrate the definition of intangible things because they are all assets that cannot be physically touched or seen, but still have value and can be bought, sold, or licensed.