Intangible Asset

Intangible asset is an asset that is not physical in nature.It includes trademark, patent, business process, integrity, security and so on. These assets are the basic sources of risk.A number of intangible asset models have developed over the years. They are patent licensing & enforcement companies, reinsurers, market makers, investment research firms.The brand name of a company is seen as an indefinite asset, as it stays with the company as long as the company exists. Intangible assets do not have physical value but they are very useful for a firm, which can ultimately determine the success or failure of a company.