Intangible assets

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7 Terms

1
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Intangible asset

Non-physical fixed assets that can earn revenue for a business. 

2
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Types of intangible assets (5)

  • brands

  • patents

  • copyright

  • goodwill

  • registered trademark

3
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Brands

legally registered names used in trading activites

4
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Patents

legal protection for product designs created by investors

5
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Copyright

legal protection for IP (songs, films, novels)

6
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Goodwill

the established reputation of businesses

7
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registered trademark

a name/symbol that is legally protected and established with intellectual property rights