intangibles

Intangibles are valuable assets that do not have a physical form but contribute to a business’s worth. Examples include a company’s brand reputation, customer relationships, intellectual property like patents or trademarks, and proprietary technology. Unlike physical assets such as machinery or buildings, intangibles are intangible—meaning they cannot be touched—but they can significantly influence a company's success and profitability. They are often more difficult to value, but their importance in sustaining competitive advantage is substantial.