Sep 14 2010

What is intellectual property?

Category: Law

Answer:

Intellectual property is a creation of the mind that gives the inventor exclusive rights to the creation for a certain period of time. It is typically seen as an asset that can be bought, sold, distributed, and licensed only by the legally registered owner. Intellectual property laws also give owners and inventors the ability to protect their assets from unauthorized use. There are currently four methods used to protect intellectual property.

The enforcement of these safeguards are only limited to the geographical boundaries in which the laws and protections apply.


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