General Intangibles definition: Copy, customize, and use instantly
Introduction
The term "General Intangibles" refers to a broad category of personal property under the Uniform Commercial Code (UCC) that encompasses non-physical assets which do not fall under other specific collateral classifications like accounts, inventory, or equipment. It is essential for identifying and securing rights in intangible assets in secured transactions.
Below are various examples of how "General Intangibles" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "General Intangibles" as intellectual property rights
This definition ties "General Intangibles" to intellectual property.
"General Intangibles" means any intellectual property, including copyrights, trademarks, patents, and trade secrets, as well as associated rights and licenses, that are not otherwise classified as accounts or inventory.
Definition of "General Intangibles" as contractual rights
This definition connects "General Intangibles" to contractual benefits.
"General Intangibles" refers to rights arising from contracts, including non-assignable contracts, royalties, or franchise agreements, that are not classified as accounts or payment obligations.
Definition of "General Intangibles" as rights to payment
This definition links "General Intangibles" to receivable-like assets.
"General Intangibles" means payment rights not classified as accounts, including rights to indemnification, reimbursement, or settlements, and other financial entitlements arising under agreements.
Definition of "General Intangibles" as goodwill and business reputation
This definition applies "General Intangibles" to intangible business assets.
"General Intangibles" refers to non-physical business assets, including goodwill, customer lists, and business reputation, that contribute to the value of an enterprise but are not tangible property.
Definition of "General Intangibles" as software and digital assets
This definition ties "General Intangibles" to technology.
"General Intangibles" means non-physical technology assets, including software, source codes, domain names, and digital content, that are not otherwise classified as equipment or inventory.
Definition of "General Intangibles" as licensing rights
This definition connects "General Intangibles" to agreements.
"General Intangibles" refers to rights under licensing agreements, including the right to sublicense or use proprietary technology, trademarks, or copyrighted material.
Definition of "General Intangibles" as claims and legal rights
This definition links "General Intangibles" to litigation and legal actions.
"General Intangibles" means rights to claims or causes of action, including rights arising under judgments, settlements, or contractual indemnities, that are not classified as accounts.
Definition of "General Intangibles" as lottery or gaming rights
This definition applies "General Intangibles" to niche markets.
"General Intangibles" refers to rights associated with lottery or gaming operations, including licenses, permits, and regulatory approvals necessary for lawful operations.
Definition of "General Intangibles" as permits and regulatory approvals
This definition ties "General Intangibles" to compliance assets.
"General Intangibles" means rights arising from government permits, regulatory approvals, or licenses that are essential for the operation of a business.
Definition of "General Intangibles" as financial asset rights
This definition connects "General Intangibles" to financial agreements.
"General Intangibles" refers to financial assets, including derivatives, swap agreements, or options, that are not classified as securities or deposit accounts.
Definition of "General Intangibles" as customer relationships
This definition links "General Intangibles" to business operations.
"General Intangibles" means non-physical assets arising from customer relationships, including loyalty programs, service contracts, and client retention strategies.
Definition of "General Intangibles" as royalty income rights
This definition applies "General Intangibles" to passive income sources.
"General Intangibles" refers to rights to receive royalty income, whether from intellectual property, mineral rights, or other sources, that are not classified as accounts.
Definition of "General Intangibles" as digital and virtual assets
This definition ties "General Intangibles" to modern technology.
"General Intangibles" means assets such as cryptocurrencies, non-fungible tokens (NFTs), and other virtual or digital properties that do not have a physical presence.
Definition of "General Intangibles" as unclassified payment rights
This definition connects "General Intangibles" to undefined receivables.
"General Intangibles" refers to payment rights that do not fall under the definition of accounts, including rights under settlement agreements or escrow arrangements.
Definition of "General Intangibles" as rights in non-tangible contracts
This definition links "General Intangibles" to non-physical agreements.
"General Intangibles" means rights under non-tangible contracts, including service agreements, non-disclosure agreements, and non-compete clauses.
Definition of "General Intangibles" as rights under executory contracts
This definition ties "General Intangibles" to contractual obligations.
"General Intangibles" means rights under executory contracts, including leases, service agreements, or ongoing supply contracts, that are not otherwise classified as accounts or inventory.
Definition of "General Intangibles" as non-physical collateral in secured transactions
This definition connects "General Intangibles" to UCC collateral types.
"General Intangibles" refers to intangible assets used as collateral under secured transactions, encompassing assets such as intellectual property, software, and goodwill.
Definition of "General Intangibles" as rights to franchise agreements
This definition links "General Intangibles" to franchising.
"General Intangibles" means rights arising from franchise agreements, including the right to operate under a franchisor’s brand and access proprietary systems or processes.
Definition of "General Intangibles" as prepayment rights
This definition applies "General Intangibles" to financial entitlements.
"General Intangibles" refers to rights to receive prepayments, refunds, or credits under contracts or agreements, excluding those classified as accounts.
Definition of "General Intangibles" as proprietary business methods
This definition ties "General Intangibles" to operational assets.
"General Intangibles" means proprietary business methods, trade secrets, and operational know-how that contribute to an organization’s competitive advantage.
Definition of "General Intangibles" as non-transferable regulatory approvals
This definition connects "General Intangibles" to compliance.
"General Intangibles" refers to non-transferable licenses, permits, or approvals required for a business to legally operate in a specific jurisdiction or industry.
Definition of "General Intangibles" as gaming or broadcasting rights
This definition links "General Intangibles" to specialized industries.
"General Intangibles" means rights associated with gaming or broadcasting operations, including licenses to operate radio stations, television networks, or gaming establishments.
Definition of "General Intangibles" as tax credits and incentives
This definition applies "General Intangibles" to financial benefits.
"General Intangibles" refers to rights to claim tax credits, deductions, or financial incentives provided under applicable tax laws or governmental programs.
Definition of "General Intangibles" as digital payment systems
This definition ties "General Intangibles" to financial technology.
"General Intangibles" means rights and ownership of digital payment systems, e-wallets, and other financial technology platforms that facilitate online transactions.
Definition of "General Intangibles" as exclusivity agreements
This definition connects "General Intangibles" to contractual exclusivity.
"General Intangibles" refers to rights under exclusivity agreements, ensuring a party’s exclusive access to specific markets, products, or services.
Definition of "General Intangibles" as unpublished intellectual property
This definition links "General Intangibles" to protected creations.
"General Intangibles" means unpublished works, research data, and prototypes that hold proprietary value but have not yet been commercialized or disclosed publicly.
Definition of "General Intangibles" as rights to deferred compensation
This definition applies "General Intangibles" to employee benefits.
"General Intangibles" refers to rights under deferred compensation arrangements, including stock options, profit-sharing plans, or retirement benefits.
Definition of "General Intangibles" as indemnity rights under contracts
This definition ties "General Intangibles" to legal protection.
"General Intangibles" means rights to indemnification under contracts or agreements, ensuring reimbursement for losses, liabilities, or damages.
Definition of "General Intangibles" as virtual goods and assets
This definition connects "General Intangibles" to digital commerce.
"General Intangibles" refers to virtual goods, in-game assets, and other digital items with economic value, often traded within online platforms or marketplaces.
Definition of "General Intangibles" as future revenue streams
This definition links "General Intangibles" to anticipated earnings.
"General Intangibles" means rights to future revenue streams from royalties, licensing agreements, or other contractual arrangements that are not classified as accounts.
Definition of "General Intangibles" as utility patents and proprietary designs
This definition ties "General Intangibles" to protected innovations.
"General Intangibles" means utility patents, proprietary designs, and technical drawings that provide exclusive rights or advantages to the holder but are not classified as tangible property.
Definition of "General Intangibles" as marketing and advertising rights
This definition connects "General Intangibles" to promotional assets.
"General Intangibles" refers to rights associated with advertising campaigns, marketing data, and promotional strategies that hold economic value but lack physical form.
Definition of "General Intangibles" as rights to professional licenses
This definition links "General Intangibles" to individual qualifications.
"General Intangibles" means rights to professional licenses or certifications that are necessary for individuals or entities to perform specific services or conduct business legally.
Definition of "General Intangibles" as pre-litigation claims
This definition applies "General Intangibles" to potential legal entitlements.
"General Intangibles" refers to rights to claims or disputes that have not yet proceeded to litigation but may hold financial or strategic value for the holder.
Definition of "General Intangibles" as data ownership rights
This definition ties "General Intangibles" to digital property.
"General Intangibles" means rights to data ownership, including customer databases, analytics, and proprietary information collected through digital platforms.
Definition of "General Intangibles" as renewable energy credits
This definition connects "General Intangibles" to environmental incentives.
"General Intangibles" refers to renewable energy credits, carbon offsets, or similar rights that provide economic or compliance benefits tied to environmental conservation.
Definition of "General Intangibles" as film and media rights
This definition links "General Intangibles" to creative industries.
"General Intangibles" means rights to film, television, music, and other media productions, including distribution, licensing, and performance royalties.
Definition of "General Intangibles" as mineral exploration rights
This definition applies "General Intangibles" to natural resources.
"General Intangibles" refers to rights to explore, evaluate, or exploit mineral resources, including permits, concessions, or similar regulatory approvals.
Definition of "General Intangibles" as unregistered trademarks
This definition ties "General Intangibles" to brand assets.
"General Intangibles" means unregistered trademarks, trade dress, and other branding elements that provide distinctiveness or recognition but are not formally recorded.
Definition of "General Intangibles" as subscription-based income streams
This definition connects "General Intangibles" to recurring revenues.
"General Intangibles" refers to rights to income from subscription services, membership programs, or recurring customer contracts that are not classified as accounts.
Definition of "General Intangibles" as digital art and collectibles
This definition links "General Intangibles" to blockchain-based assets.
"General Intangibles" means rights to digital art, collectibles, and non-fungible tokens (NFTs), which hold economic value in digital or virtual marketplaces.
Definition of "General Intangibles" as government grants and subsidies
This definition applies "General Intangibles" to financial assistance.
"General Intangibles" refers to rights to receive government grants, subsidies, or funding under programs aimed at supporting specific industries or initiatives.
Definition of "General Intangibles" as proprietary algorithms
This definition ties "General Intangibles" to software and computation.
"General Intangibles" means proprietary algorithms, formulas, and methodologies that are protected as trade secrets or intellectual property.
Definition of "General Intangibles" as event hosting rights
This definition connects "General Intangibles" to exclusive opportunities.
"General Intangibles" refers to rights to host or manage events, including sports tournaments, expos, or conventions, under exclusive agreements.
Definition of "General Intangibles" as unpublished literary works
This definition links "General Intangibles" to intellectual creations.
"General Intangibles" means unpublished manuscripts, drafts, or literary works that have not yet been commercialized or distributed publicly but retain intrinsic value.
Definition of "General Intangibles" as rights to deferred tax assets
This definition ties "General Intangibles" to tax-related benefits.
"General Intangibles" means rights to deferred tax assets, including carryforward losses or credits, that can be used to offset future taxable income.
Definition of "General Intangibles" as energy trading credits
This definition connects "General Intangibles" to renewable energy markets.
"General Intangibles" refers to rights to trade renewable energy credits, emission allowances, or similar environmental assets in regulated markets.
Definition of "General Intangibles" as rights under software-as-a-service agreements
This definition links "General Intangibles" to digital service contracts.
"General Intangibles" means rights arising from software-as-a-service (SaaS) agreements, including access to hosted applications and associated usage rights.
Definition of "General Intangibles" as unclaimed property rights
This definition applies "General Intangibles" to ownership recovery.
"General Intangibles" refers to rights to unclaimed property, such as dormant accounts, uncashed checks, or abandoned financial assets, that may be recoverable under applicable laws.
Definition of "General Intangibles" as non-compete and non-solicitation agreements
This definition ties "General Intangibles" to employment restrictions.
"General Intangibles" means rights and protections under non-compete and non-solicitation agreements, ensuring restrictions on competitive activities or solicitation of clients or employees.
Definition of "General Intangibles" as rights to proprietary databases
This definition connects "General Intangibles" to data ownership.
"General Intangibles" refers to rights to proprietary databases, including customer information, transaction histories, and analytics, that are not classified as tangible assets.
Definition of "General Intangibles" as allocations under cooperative agreements
This definition links "General Intangibles" to shared benefits.
"General Intangibles" means rights to allocations, benefits, or entitlements under cooperative agreements, partnerships, or joint ventures.
Definition of "General Intangibles" as exclusive marketing rights
This definition applies "General Intangibles" to promotional arrangements.
"General Intangibles" refers to exclusive rights to market or promote specific products, services, or brands within a defined territory or demographic.
Definition of "General Intangibles" as indemnity obligations under vendor agreements
This definition ties "General Intangibles" to contractual protections.
"General Intangibles" means indemnity rights or obligations arising from vendor or supplier agreements, ensuring protection against losses or damages.
Definition of "General Intangibles" as rights under royalty-sharing arrangements
This definition connects "General Intangibles" to income entitlements.
"General Intangibles" refers to rights under royalty-sharing arrangements, allowing holders to receive a share of income generated from intellectual property or other assets.
Definition of "General Intangibles" as mobile application rights
This definition links "General Intangibles" to software assets.
"General Intangibles" means rights to develop, distribute, or monetize mobile applications and associated intellectual property.
Definition of "General Intangibles" as rights to unregistered domain names
This definition applies "General Intangibles" to online assets.
"General Intangibles" refers to rights to unregistered domain names and online identifiers that hold potential commercial or branding value.
Definition of "General Intangibles" as rights to future funding commitments
This definition ties "General Intangibles" to financial guarantees.
"General Intangibles" means rights to receive future funding commitments under grants, loans, or other financial arrangements.
Definition of "General Intangibles" as exclusivity rights in supply contracts
This definition connects "General Intangibles" to supply chain management.
"General Intangibles" refers to exclusivity rights granted under supply contracts, ensuring sole access to specific products or materials from a vendor.
Definition of "General Intangibles" as rights to research and development outcomes
This definition links "General Intangibles" to innovation ownership.
"General Intangibles" means rights to intellectual property or benefits resulting from research and development activities, including patents, prototypes, and technical know-how.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.