incorporeal property

incorporeal property

property without a body that cannot be touched and picked up, such as a right to something. Stocks and shares are incorporeal personal or moveable property, as are copyrights and patents. To transfer such property ASSIGNATION is usually required.

INCORPOREAL PROPERTY, civil law. That which consists in legal right merely; or, as the term is, in the common law, of choses in actions. Vide Corporeal property.

References in periodicals archive ?
638, 2007) considers intangible assets incorporeal property destined and used for the maintenance of the firm.
Hoog (2008) Incorporeal property with a frequently subjective useful economic life varying according to the rights resulting from ownership and the associated competitive advantages and profits, which may be acquired or developed internally.
This movement has been reflected textually: the Civil Code of Quebec, unlike its predecessor, refers to "property" (biens) rather than "things" (choses), (158) and the first article in the book "On Property" provides for incorporeal property.