Intangible property lacks a physical existence; the rights exist only because of economic rights the property possesses.

Name: Intangible property lacks a physical existence; the rights exist only because of economic rights the property possesses.
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Question

Quizplus · Accepted Answer

Intangible property refers to property that is not physical in nature, such as patents, copyrights, trademarks, and goodwill. These property rights do not have a physical existence but are based on the economic value they possess.

Intangible Property Lacks a Physical Existence; the Rights Exist Only