Claim: Asset management in America may apply to intangible assets such as creations of the intellect for which a monopoly is assigned to designated owners by law called intellectual property.
Evidence: It may apply to both tangible assets -LRB- such as buildings -RRB- and to intangible assets such as human capital , intellectual property , goodwill and/or financial assets -RRB-.
Intellectual property -LRB- IP -RRB- refers to creations of the intellect for which a monopoly is assigned to designated owners by law.