- Intangibles as goods — Industrial and IP rights and obligations of the seller
This introductory chapter provides an overview of the book, describing the law of assignment and intangible property. The law of assignment is concerned with intangible property. Traditionally, English law has tended to use the label choses (or things) in action to describe this species of property, and this term is still widely used. As a result, in order to understand the historical development of the law of assignment, it is at times necessary to make use of the term ‘chose in action’. Intangible property is classified into six different types: rights or causes of action; debts; rights under a contract; securities; intellectual property; and leases. It comprises both legal and equitable property. The distinction between law and equity looms large in assignment, and is one of the reasons for the subject's complexity.