Definition of Intellectual property:
Knowledge, creative ideas, or expressions of human mind that have commercial value and are protectable under copyright, patent, servicemark, trademark, or trade secret laws from imitation, infringement, and dilution. Intellectual property includes brand names, discoveries, formulas, inventions, knowledge, registered designs, software, and works of artistic, literary, or musical nature. It is one of the most readily tradable properties in the digital marketplace.
The concept of intellectual property relates to the fact that certain products of human intellect should be afforded the same protective rights that apply to physical property, which are called tangible assets. Most developed economies have legal measures in place to protect both forms of property.
Intellectual property is a broad categorical description for the set of intangible assets owned and legally protected by a company from outside use or implementation without consent. An intangible asset is a non-physical asset that a company owns.
How to use Intellectual property in a sentence?
- Most musicians in todays society must use the intellectual property of their mental capabilities in order to produce various tracks in their albums.
- Intellectual property can consist of many types of assets, including trademarks, patents and copyrights.
- Intellectual property is an umbrella term for a set of intangible assets or assets that are not physical in nature.
- He claimed that the concepts in his book were his own intellectual property and that the other author had usurped his ideas.
- Intellectual property is owned and legally protected by a company from outside use or implementation without consent.
- I do not understand the confusion regarding this investigation and lawsuit, my client has clear evidence supporting his invention and intellectual property .
Meaning of Intellectual property & Intellectual property Definition