Intangible

Intangible

An intangible is an asset type that is not tangible or of physical substance, over which a debtor can grant a security interest in, to secure the payment and performance of an obligation. Common examples of intangible assets of a debtor are its goodwill and Intellectual Property (IP)​.

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    • Intellectual Property (IP)

      Intangible products of human intellect from which ownership (title) and other legal rights can arise. Certain categories of IP that are protected under Canadian law are patents, copyrights, trademarks, industrial designs and trade secrets.

    • Person

      Reference to a person can include an individual, partnership, unincorporated association, unincorporated syndicate, unincorporated organization, trust, trustee, executor, administrator or other legal representative.

    • Partnership

      The relationship which subsists between two or more persons carrying on business with a view to profit. In Canada, a partnership is not a separate legal person like a corporation. Partnerships are governed by the laws of the jurisdiction in which ...

    • World Intellectual Property Organization (WIPO)

      A self-funding agency of the United Nations created by the WIPO Convention in 1967. WIPO's stated mission is to lead the development of a balanced and effective international Intellectual Property (IP) system that enables innovation and creativity ...

    • Wholly Owned Subsidiary

      A subset of subsidiary, a wholly owned subsidiary is a corporation whose shares are owned entirely by one shareholder. There are many reasons for a parent to have a wholly owned subsidiary. For example, a wholly owned subsidiary can: Hold specific ...