Intellectual Property

Definition: Intellectual Property is a legal term that refers to creations of the mind for which exclusive rights are recognized.
Under IP law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs.
Common types of IP rights are copyrights, trademarks, patents, industrial design rights, trade dress and trade secrets.

More on intellectual property. More on intangible assets: Business Simulation, Copyright, Goodwill, Human Capital, Innovation Capital, more...