The Preamble serves solely as an introduction, and does not assign powers to the federal government, nor does it provide specific limitations on government action. Due to the Preamble's limited nature, no court has ever used it as a decisive factor in case adjudication, except as regards frivolous litigation.
The definition of intangible is something with no physical presence that can't be touched, or is something that is vague and difficult to understand or value in concrete terms. 1  Intellectual property laws that protect a copyright are an example of laws that protect an intangible right.
Intangible Assets. Intangible assets are non-monetary assets lacking in physical characteristics and that are unidentifiable outside of a legal or contractual framework. Examples of intangible assets include trade names, intellectual property, software, customer relationships and beneficial leases.ntangible Assets. Intangible assets are non-monetary assets lacking in physical characteristics and that are unidentifiable outside of a legal or contractual framework. Examples of intangible assets include trade names, intellectual property, software, customer relationships and beneficial leases.