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.

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  • He claimed that the concepts in his book were his own intellectual property and that the other author had usurped his ideas.

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  • I do not understand the confusion regarding this investigation and lawsuit, my client has clear evidence supporting his invention and intellectual property.

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Notable Quotes

  • How do you protect your intellectual property?
    "Imagine slaving for years on a new cellphone battery that lasts more than two days, only to watch it reverse-engineered and patented by someone else. Before you ask anyone to crank out a few prototypes, file for a provisional patent. It protects your idea for a year while you work out the kinks."
    - Brett Nelson

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