Intangible means it has no physical
presence but its effect can be felt like the wind. Intangible assets are assets
like copyrights, goodwill, patents, trademarks or a top of the line research
and development team. It derives from human capital, the quality of the people
who work for the business is what keeps it afloat. Intangible assets are created
through skill, talents or just pure genius. It could be yourself inventing a
new top secret technology therefore creating a patent for the discovery and
keeps the company at the top spot.