Intangible Assets

Intangible Assets are intellectual property that is not physical in nature, but have value that a company owns for business operation.

Item that are consider Intangible Assets are:

• Patents, 
• Trademarks 
• Copyrights
• Business Methodologies
• Goodwill
• Brand recognition

Intangible Assets are not physical assets like machines or buildings.

They can be creative ideas that company use to differentiate themselves from competitors in Marketing and Products. Customers lists and relationship that is build to keep revenue streams flowing into the company. Contracts they have with partners and employees.