Intangibles

Debts, Accounts and Policies Certain types of assets are effectively legal claims, which can only be enforced by Court Action.  A debt, insurance policy or bank account can be mortgaged by being assigned to the mortgagee as security.… Read the rest

Intangible Property Most intangible property rights are so-called “choses in action”. A chose in action is a right asserted by legal action. The classic type of chose in action is a debt or an incontrovertible contractual obligation.… Read the rest

Assignment of a Chose in Action Generally, a chose in action may be assigned, subject to exceptions.  A legal assignment may be effected in accordance with the Supreme Court of Judicature (Ireland) Act, 1877.  An equitable assignment is one which falls short of the requirements of a legal assignment, but to which effect is given by a court of equity.… Read the rest