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.
Definition. Reputation, name recognition, and intellectual property such as knowledge and know how. Intangible assets are the long-term resources of an entity, but have no physical existence. They derive their value from intellectual or legal rights, and from the value they add to the other assets.