### Question
What is the definition of intangible property?


### Answer
The definition of **intangible property** is as follows in *26 U.S.C. § 367*:

> any—


(A) patent, invention, formula, process, design, pattern, or know-how,


(B) copyright, literary, musical, or artistic composition,


(C) trademark, trade name, or brand name,


(D) franchise, license, or contract,


(E) method, program, system, procedure, campaign, survey, study, forecast, estimate, customer list, or technical data,


(F) goodwill, going concern value, or workforce in place (including its composition and terms and conditions (contractual or otherwise) of its employment), or


(G) other item the value or potential value of which is not attributable to tangible property or the services of any individual

#### Citation:
  - *26 U.S.C. § 367*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART III-CORPORATE ORGANIZATIONS AND REORGANIZATIONS > Subpart D-Special Rule; Definitions**

