Technical Definitions


Intellectual property (IP) is a controversial term thar refers to a number of distinct types of expressions for which a set of monopoly rights are recognized under the corresponding fields of law. Under intellectual property 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 intellectual property rights include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.

Our Definitions in "Plain English"

Intellectual property is a term to describe works, ideas discovery, between other, which are protected by the law with the use of copyrights, trademarks, and patents basically. It prevents from others to steal your ideas and get a benefit or profit out of it.

Images/Videos and Explanations

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Examples/Positives of Intellectual Property


Copyrights are for example, music, plays, painting style.
Trademarks are for example business' logos.
Patents are mainly used for inventions like medicines.

Non-examples/Negatives of Intellectual Property


Piracy or copyright infringement is the unauthorized use of works under copyright, infringing the copyright holder's "exclusive rights", such as the right to reproduce or perform the copyrighted work, spread the information contained within copyrighted works, or to make derivative works. It often refers to copying "intellectual property" without written permission from the copyright holder, which is typically a publisher or other business representing or assigned by the work's creator.

Relevant News Articles


http://news.findlaw.com/legalnews/scitech/ip/
- Samsung Electronics fighting Apple's move to stop US sales of it's Galaxy phone
- Intellectual Property battle between top smartphone companies.
http://www.economist.com/node/21554540
- companies arguing about technological patent.
- their products use similar technology.