Is the patent right an intangible asset?

Patent right belongs to intangible assets, is a kind of intellectual property, and is an identifiable non-monetary asset without physical form. Shareholders can use intellectual property rights that can be valued in money and transferred according to law as their capital contribution.

legal ground

Article 26 of the Company Law of People's Republic of China (PRC)

The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered in the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.

Article 27 of the Company Law of People's Republic of China (PRC)

Shareholders can make capital contributions in currency, or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in currency and transferred according to law; However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations. Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Where there are provisions in laws and administrative regulations on evaluation and pricing, those provisions shall prevail.