What is an intangible personal property?

Intangible personal property is a type of property that does not have physical dimensions and as such cannot be seen. Although the intangible feature cannot be seen, it has some value that classifies it as assets. The value of intangible assets is sometimes bound to the property owner and determines the connection between the owner and the intangible assets.

An example of intangible personal assets, which is naturally connected to the property owner, is something like a good reputation or good will the individual or organization commands. For example, if a doctor has very good will among community members as a very devoted and careful surgeon, any type of slanderous action could have terrible consequences for this individual, both at personal and professional level. Assuming that the patient brings against the surgeon not abandoning the lawsuit for abandoning the surgical blade in his belly during the operation, such a court is the capage of the reputation and goodwill that the doctor has in the community. This attack on the intangible personal mAjetk by a doctor can also lead to terrible professional and economic losses.

intangible personal assets may also include aspects such as Goodwill, which the organization has among its consumers and host community. Assuming that the company worked very hard to present the company image, where the environment is treated with maximum respect, any action that adheres to this picture equals legally an action attack on the company's intangible assets in the form of its reputation advertising. For example, if someone vandalized the environment and blamed it for society, then it would be considered an attempt to destroy the intangible personal assets of the company.

Another type of intangible personal assets is copyright to a literary work. Copyright rights to consider or feel, but according to the law it is still recognized as intangible personal assets of the owner. These assets are protected by law youIn a way as physical property such as houses and cars. The trademark is also recognized by the law as an intangible personal assets of the organization or the individual to whom it is associated. Such a property is classified as intangible, because it is not physical assets that can be felt in the same way as the company machinery and buildings.