Intangible property, also known as incorporeal property, is something that a person or corporation can have ownership of and can transfer license to another person or corporation, but has no physical meaning, for example brand identity or knowledge/intellectual property.
Software piracy is the illegal copying, installation, use, distribution, or sale of software in any way other than that is expressed in the license contract. The software industry is facing huge financial losses due to the piracy of software. Piracy of software is executed by end-users as well as by the dealers.
Software theft means the unauthorized or illegal copying, sharing or usage of copyright-protected software programs. Software theft may be taken out by individuals, groups or, in some cases, organizations who then spread the unauthorized software copies to users.
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