Easements refer to the non-possessory right to use or enter into the property of other parties without possessing it. This is sometimes referred to as the “right of way” which property owner enjoys from another property owner without any rights of ownership by the party granted the right-of-way. Sometimes, easements provide access to a resource, such as a park or a public beach. In business valuation, easements fall under intangible assets because they can be identified and the potential economic benefits accurately measured separately from tangible assets. Intangible assets are a class of assets without physical form (such as a building) yet can generate economic benefits to the owners. To value intangible assets such as easements and to estimate their fair market value, business valuators apply techniques under the market, asset and income valuation methods.