In law, intellectual property (IP) is an umbrella term for various legal entitlements which attach to certain names, written and recorded media, and inventions. The holders of these legal entitlements may exercise various exclusive rights in relation to the subject matter of the IP.
Intellectual property includes any creative idea that is expressed in tangible form. “Intellectual property” is a generic expression referring to ideas or the expression of ideas that may be protected by patents, trademarks, copyrights, trade secrets or trade dress. An intellectual property is any product of the human intellect that is unique, novel, and non-obvious (and has some value in the marketplace) including; an idea, invention, an expression or literary creation, unique name, business method, industrial process, chemical formula, computer program process, or presentation.
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