Longman Dictionary of Contemporary English
n. Any product of someone's intellect that has commercial value: a piece of literature, a painting, an invention, a trademark a trade secret, etc. Works protected under intellectual property law, and accorded intellectual property rights such as copyrights and patents.
n. intangible property that is the result of creativity (such as patents or trademarks or copyrights)
Intellectual property (IP) refers to creations of the intellect for which a monopoly is assigned to designated owners by law. Intellectual property rights (IPRs) are the protections granted to the creators of IP, and include trademarks, copyright, patents, industrial design rights, and in some jurisdictions trade secrets. Artistic works including music and literature, as well as discoveries, inventions, words, phrases, symbols, and designs can all be protected as intellectual property.
While intellectual property law has evolved over centuries, it was not until the 19th century that the term intellectual property began to be used, and not until the late 20th century that it became commonplace in the majority of the world.
Intellectual Property is a 2006 film starring Christopher Masterson and Lyndsy Fonseca with Bryan Cranston. It was written, produced and directed by Nicholas Peterson.
Usage examples of "intellectual property".
Leaving me to bring up your mother on my own, and nothing but a bunch of worthless intellectual property and a dozen lawsuits from the Mafiya to do it with.