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What are Intangible Assets?

Intangible assets are those that aren’t physical items in nature. To make things more simply understood, intangible items might be a contract, rights to a property, trade secrets or other things that aren’t able to be physically handed over to another person. They may come in the form of a deed or document. There are many intangible items that could be considered assets. If you're unsure of an item and would like to talk to our estate lawyers in Cary NC about this matter, call now.
When estate planning, some individuals forgo adding these assets simply because they may not realize they’re able to be added to a will or trust. If you’re unsure of what is considered intangible assets, we have created a list that can help you get a better idea of what they are.

  • Water rights
  • Training manuals
  • Trained workforce
  • Trademarks
  • Trade secrets
  • Title plants
  • Technology sharing agreements or contracts
  • Supplier contracts
  • Solicitation rights
  • Shareholder agreements or contracts
  • Security interests
  • Securities portfolios
  • Schematics
  • Royalty agreements or contracts
  • Proprietary technology
  • Property use rights
  • Product designs
  • Procedural manuals
  • Permits
  • Patents
  • Natural resources
  • Musical compositions
  • Mineral rights
  • Methodologies
  • Medical records
  • Medical charts
  • Manuscripts
  • Manual databases
  • Management contracts
  • Location value
  • Loan portfolios
  • Licenses
  • Landing rights
  • Land rights
  • Laboratory notebooks
  • Joint ventures
  • Historical documents
  • Goodwill
  • Franchise agreements or contracts
  • Food recipes
  • Food flavorings
  • Film libraries
  • FCC licenses
  • Environmental rights
  • Engineering drawings
  • Easements
  • Drilling rights
  • Drawings
  • Domain names
  • Distribution rights
  • Distribution networks
  • Diagrams
  • Development rights
  • Designs
  • Customer relationships
  • Copyrights
  • Cooperative agreements or contracts
  • Contracts
  • Computerized databases
  • Computer programs
  • Chemical formulas
  • Buy-sell agreements or contracts
  • Broadcast licenses
  • Brand recognition
  • Brand names
  • Bonds
  • Blueprints
  • Assembled workforce
  • Air rights
  • Accounts receivable

If you have intangible assets that you would like to include in your will or trust be sure to contact our estate lawyers in Cary NC to schedule an appointment. We can help you make sure all assets, intangible or tangible are included in your estate plan.
If you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our attorney is here to help you get your estate planning started and in order. That way, should you pass in an untimely manner or become incapacitated at some point it will be there for your loved ones. It’s better to be safe than sorry when it comes to an estate plan. Contact our office today to get started estate planning.
Eldreth Law Firm, PLLC
As always, feel free to contact us with any questions or concerns you may have concerning legal issues. Contact our lawyer to schedule a consultation if you have questions about small business needs, trademarking, copyrighting, or other legal situations. Call today for more information!

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