Legal Definitions - intangible trade value

Definition: Intangible trade value refers to the proprietaryinformation, ideas, goodwill, and other nonphysical commercial assets of a business. It is a measure of the value of a company's intellectual property.

Examples: Examples of intangible trade value include a company's brand name, patents, trademarks, and copyrights. For instance, the Coca-Cola brand name is an intangible asset that has significant value in the market. Similarly, Apple's patents for its innovative products are intangible assets that contribute to the company's overall value.

Explanation: Intangible trade value is an essential aspect of a company's overall value. It includes assets that cannot be physically touched but are still valuable to the business. The examples illustrate how companies can create value through their intellectual property, which can be protected by law. For instance, patents protect a company's innovative ideas from being copied by competitors, giving the company a competitive advantage in the market.