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LSDefine

Simple English definitions for legal terms

intangible

Read a random definition: notio

A quick definition of intangible:

Intangible: Something that cannot be touched or felt. It is an idea or concept that exists in the mind, like responsibility or intellectual property. It can also refer to assets that do not have a physical form, like goodwill or literary rights. Payment intangible refers to a type of intangible where the main obligation is to pay money.

A more thorough explanation:

Definition: Not capable of being touched; impalpable; incorporeal. Something that lacks a physical form; an abstraction, such as responsibility; especially, an asset that is not corporeal, such as intellectual property.

Examples:

These examples illustrate intangible assets that cannot be physically touched or seen, but still hold value. Goodwill is the value of a business beyond its tangible assets, such as its reputation and customer loyalty. Things in action refer to legal claims or rights that can be enforced, such as a contract or patent. Literary rights are the rights to a piece of creative work, such as a book or movie.

General Intangible: Any intangible personal property other than goods, accounts, chattel paper, documents, instruments, investment property, rights to proceeds of written letters of credit, and money.

Payment Intangible: A general intangible under which the account debtor's principal obligation is a monetary obligation.

intaker | intangible asset

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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