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.

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

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