Tangible property is the property that can be identified by the senses, it can be seen and possessed.
What is Tangible property?
- To distinguish it from intangible property, tangible property is defined in law as essentially everything that can be felt.
- This encompasses both real and personal property.
- The term "choices in possession" refers to physical property in English law and several Commonwealth legal systems.
- To distinguish it from intangible property, tangible property is defined in law as essentially anything that can be felt. This encompasses both real and personal property. The term "choices in possession" refers to physical property under English law and some Commonwealth legal systems.
- A resource that isn't physical in nature is referred to as an intangible asset. Intangible assets include brand recognition, goodwill, and intellectual property rights like as trademarks, patents, and copyrights.
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