Topic > Terms and Future of Sales Rebates and Accounts

The first is that what we just mentioned are real, tangible assets, such as buildings and the equipment that supports the building. While almost all businesses have tangible assets, not all businesses will have the following. Intangible assets are assets that you cannot physically touch. Examples are patents and copyrights used by companies to legally appropriate their property. Finally, natural resources represent the final classification of the plant heritage. An example is oil or coal. If we look into the future and how this will affect us in the future, we can expect patents or copyrights/trademarks to take a hit due to the legal protection afforded by each country. I see the legalities loosening up a bit due to the creative ways companies are coming up with similar names. For example, new companies that start businesses or choose product names choose generic names and are not protected by trademark. Having a strong name that implicitly and imaginatively conveys your business will allow you to defend it in court against competitors with similar interests.