What is Property?

Property is any tangible or intangible physical item, design, creative work, or concept that is owned.

What is Tangible Property?

Tangible refers to physical property. That is, tangible property is anything that can be physically touched.

What is  Intangible Property?

Intangible property refers to non-physical property. That is, intangible property is any property that cannot be physically touched.

• Example: Intangible property includes patents, trademarks, trade secrets, copyrights, debts, and company good will.