As a modern business owner or professional, you may run into complicated legal jargon that can make understanding complex concepts difficult. One such term is “incorporeal,” which can certainly seem like a confusing and daunting word to grapple with. Let’s dive in and explore what this term actually means.
What Does Incorporeal Mean?
Incorporeal is an adjective which can refer to two different concepts:
- Physical: Incorporeal meaning in this context suggests something which is not physical or visible but consists of an emotional or spiritual force.
- Legal: Used to describe rights regarding real estate or things which cannot be transferred or given away.
Understanding the Physical Meaning of Incorporeal
In its physical context, incorporeal is used to describe something intangible or invisible. Examples of incorporeal forces include emotion, sentiment, feelings, and consciousness. These concepts operate without physical form, yet still have an effect on behavior. Advertising, for instance, can sway consumers by evoking certain emotions.
Exploring the Legal Meaning of Incorporeal
In its legal context, incorporeal is used to describe a right or property which does not have a physical form, such as a right of way or the benefit of a covenant. In such cases, an individual cannot own an incorporeal property with tangible possession. It may, however, be transferred or given away. These rights are often subject to taxation as a separate asset.
Bringing Incorporeal Into Focus
Whether in its physical or legal form, understanding how incorporeal works can be complex. But as a business professional, grasping the concepts of this legal term is important in order to maximize success. By learning the definitions of incorporeal and how it applies to both physical and legal contexts, you can ensure that your business is managed properly and in compliance with all necessary laws.