Non-tangible assets are valuable resources that do not have a physical presence. Examples include patents, trademarks, and copyrights. These assets can provide a competitive advantage and generate revenue over time, even though they cannot be touched or seen. Another type of non-tangible asset is goodwill, which arises when a company acquires another for more than its fair market value. This excess payment reflects the acquired company's brand reputation, customer relationships, and other intangible benefits. Non-tangible assets are important for businesses as they contribute to overall value and potential profitability.