Incorporeal
Term · Law · MLC-T-LAW-002583
Describing rights or property that lack a physical substance but possess legal value and are enforceable. These assets cannot be touched or seen but represent a legal interest. Examples include intellectual property rights, easements, and corporate stock, which are distinct from tangible property like land or goods.
| Identifier | MLC-T-LAW-002583 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002583",
"term": "Incorporeal",
"field": "Law",
"definition": "Describing rights or property that lack a physical substance but possess legal value and are enforceable. These assets cannot be touched or seen but represent a legal interest. Examples include intellectual property rights, easements, and corporate stock, which are distinct from tangible property like land or goods.",
"url": "https://mlchart.com/terminology/law/incorporeal/"
}
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