Simple English definitions for legal terms
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Intangible thing: Something that cannot be touched or physically held. It is not a physical object, but rather an idea, concept, or right. Examples of intangible things include love, ideas, patents, and trademarks.
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:
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.