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A business asset is any property of value—including tangible assets (real estate, machinery, buildings, building fixtures, tools, vehicles, equipment, computers, printers, furniture, warehouse shelving, cash, inventory), and intangible assets (accounts receivable, prepaid expenses, software licenses, vendor relationships, corporate brand, patents, copyrights, trademarks, goodwill, trade secrets).

In Delaware, a business asset encompasses both tangible and intangible items of value owned by a business. Tangible assets include physical items such as real estate, machinery, buildings and their fixtures, tools, vehicles, equipment, computers, and inventory. Intangible assets are non-physical and include items such as accounts receivable, prepaid expenses, software licenses, business relationships, brand reputation, intellectual property rights (patents, copyrights, trademarks), goodwill, and trade secrets. The classification and treatment of these assets can have implications for accounting, taxation, and legal matters. Delaware's Division of Corporations provides a framework for the registration and protection of certain business assets, such as trademarks and service marks. Additionally, Delaware's courts, including the Court of Chancery, are well-versed in adjudicating disputes involving business assets, particularly intangible ones like intellectual property and trade secrets.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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Delaware State Code

Delaware State Code

Business

assets

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