Asset, Intangible

Intangible assets do not have a physical form. Examples include brand names, trademarks, patents, copyright and goodwill. Intangible assets are typically non-current assets, i.e. a brand name can be established over a long period of time, therefore the brand owner will derive value over a period of time greater than 12 months. See also Asset and Asset, Tangible.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.