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.
What are Intangible Assets? By definition, intangible assets consist of items that are not tangible or in other words, are not able to be touched or seen even though money may have been paid to purchase them. Some common examples include Goodwill, Patents, Copyrights, Trademarks, Organization Costs, and Loan Fees.