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Generally speaking in laymen's terms, if it's not something you could buy at a garage sale, then it's an intangible asset. An intangible isbasically something that exists on paper. For example,a movie's filmis tangible, but the rightsto the movie (distribution, reproduction, etc.)is something that exists only on paper.

In technical terms, it's a contract-based intangible asset.

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12y ago

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