An intangible movable refers to something that can be moved but cannot be physically touched. Examples of intangible movables include light and electricity. In legal terms, it refers to interests that are created by law and exist only in a legal sense, not physically, and can only be moved or transferred legally, not physically. In Scots law, it refers to a nonheritable right. The term movable is used to describe property that can be moved or displaced, such as personal goods, and is contrasted with immovable property, which includes land and buildings.
An intangible movable refers to a physical object that can be moved but cannot be physically touched in the conventional manner. It encompasses movable properties, such as personal belongings, that can be displaced and are not attached to land. Examples of intangible movables include light, electricity, and radioactive waves. These examples demonstrate the definition of intangible movables as they are physical objects that can be moved but cannot be physically touched. They are not connected to land and are considered personal property. In Scots law, a nonheritable right is also classified as an intangible movable. This includes any type of property, whether tangible or intangible, that does not pass down to the heir as part of their inheritance.
An intangible movable refers to assets that have value but do not have a physical form, such as stocks, bonds, patents, copyrights, and trademarks.
Intangible movables are assets that cannot be physically touched or seen, while tangible movables are physical assets like vehicles, furniture, or machinery.
Yes, intangible movables can be bought and sold, just like tangible assets. For example, stocks can be bought and sold on the stock market.
Intangible movables are protected through various legal mechanisms, such as intellectual property laws for patents, copyrights, and trademarks, and securities laws for stocks and bonds.
Yes, intangible movables can be inherited just like any other asset. They can be included in a person’s estate and passed on to their heirs according to their will or applicable inheritance laws.
Yes, intangible movables are often subject to taxation. For example, income generated from stocks or bonds may be subject to capital gains tax.
Yes, intangible movables can be used as collateral for loans. For instance, a person may use their intellectual property rights as collateral to secure a loan.
Yes, intangible movables can be protected from theft or infringement through legal means. For example, patents and trademarks can be registered to establish ownership and provide legal protection against unauthorized use.
Yes, intangible movables can be transferred internationally, subject to the laws and regulations of the countries involved. For example, intellectual property rights can be licensed or assigned to entities in different countries.
Yes, intangible movables can be insured. For example, intellectual property insurance can protect against financial losses resulting from infringement or theft of patents, copyrights, or trademarks.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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