Intangible Asset Definition

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Definition: An intangible asset is a non-physical asset having a useful life greater than one year. Examples of intangible assets are:

Marketing-related intangible assets
- Trademarks
- Newspaper mastheads
- Internet domain names
- Noncompetition agreements
Customer-related intangible assets
- Customer lists
- Order backlog
- Customer relationships
Artistic-related intangible assets
- Performance events
- Literary works
- Musical works
- Pictures
- Motion pictures and television programs
Contract-based intangible assets
- Licensing agreements
- Service contracts
- Lease agreements
- Franchise agreements
- Broadcast rights
- Employment contracts
- Use rights (such as drilling rights or water rights)
Technology-based intangible assets
- Patented technology
- Computer software
- Trade secrets (such as secret formulas and recipes)