intellectual property

  

Definition

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.

Use this term in a sentence

  • Most musicians in today's society must use the intellectual property of their mental capabilities in order to produce various tracks in their albums.

    Was this Helpful?   (25)   (0)
  • He claimed that the concepts in his book were his own intellectual property and that the other author had usurped his ideas.

    Was this Helpful?   (25)   (0)
  • I do not understand the confusion regarding this investigation and lawsuit, my client has clear evidence supporting his invention and intellectual property.

    Was this Helpful?   (25)   (0)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/intellectual-property.html

Have a question about this term? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z