Intellectual Property

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Intellectual Property

Intellectual Property (pronounced /ˌɪntəˈlɛkʧʊəl ˈprɒpəti/) is a category of property that includes intangible creations of the human intellect. The term 'Intellectual Property' originated in the 19th century, though the concept has been in existence for centuries.

Etymology

The term 'Intellectual Property' is derived from the Latin words 'intellectus' meaning 'understanding' and 'proprietas' meaning 'property'. It was first used in legal discourse in the 19th century, though the concept of protecting intellectual creations dates back to ancient Greece.

Related Terms

  • Copyright: A legal right that grants the creator of an original work exclusive rights to its use and distribution.
  • Patent: A form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years.
  • Trademark: A recognizable sign, design, or expression which identifies products or services of a particular source from those of others.
  • Trade Secret: A formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors or customers.

See Also

External links

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