refers to tangible property. If an item of property is located somewhere, it has a physical form. Black’s defines “tangible” as: Having or possessing physical form. Capable of being touched and seen; perceptible to the touch; tactile; palpable; capable of being possessed or realized; readily apprehensible by the mind; real; substantial. Black’s Law Dictionary 1456 (6th ed.1990). A right to receive payments under a covenant not to compete has no physical form; it cannot be seen or touched. Thus, such a right is intangible. This interpretation follows the definition in Black’s for intangibles: Property that is a “right” such as a patent, copyright, trademark, etc, or one which is lacking physical existence; such as goodwill. Black’s Law Dictionary (6th ed.1990). W ankr.D.Mass.1991) (<HOLDING>); Sunshine v. Sanray Floor Covering Cory., 64
holding that covenants prohibition on the employeedoctor from practicing health care of every nature and kind was unreasonable where the doctor had been employed to practice in the specialty of ophthalmology holding that the debtors false statements about the location of assets of the estate were material to the proceedings holdingthat the language of an arbitration clause applying to all claims demands disputes or controversies of every kind or nature that may arise  concerning the vehicle was not ambiguous and was broad enough to encompass the claims at issue holding that validity of sale would be affected where settlement was approved and the debtors assets were transferred free and clear of all liens holding description all of the debtors properties assets and rights of every kind and nature wherever located sufficient to cover equipment