Intellectual property is a broad category that refers to the collection of intangible assets that a company or individual owns. These are legally protected from being used or implemented by anyone else without their explicit permission. A non-physical asset that a business or individual owns is an intangible asset. The idea of intellectual property is that certain products of human thought ought to be protected in the same way that physical property, also known as tangible assets, is protected. Legal safeguards for both types of property are in place in the majority of developed economies. Understanding Intellectual Property Given its …
What Is Intellectual Property?
Intellectual property is a broad category that refers to the collection of intangible assets that a company or individual owns. These are legally protected from being used or implemented by anyone else without their explicit permission. A non-physical asset that a business or individual owns is an intangible asset. The idea of intellectual property is that certain products of human thought ought to be protected in the same way that physical property, also known as tangible assets, is protected. Legal safeguards for both types of property are in place in the majority of developed economies. Understanding Intellectual Property Given its …