Intellectual property is a property right that can be protected under federal and state law, including copyrightable works, ideas, discoveries, and inventions. The term intellectual property relates to intangible property such as patents, trademarks, copyrights, and tradesecrets.
The Walt Disney Animation Research Library, which houses 65m items from sketches of Mickey Mouse to the original Pinocchio puppet, is an Aladdin’s cave of intellectual property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. Intellectual property encompasses two types of rights; industrial property rights (trademarks, patents, designations of origin, industrial designs and models) and copyright.
The controversy stems from two aspects of the term “intellectual property.” First, the term is imprecise. Sure, “intellectual property” includes copyright, patent, and trademark law, but there is little agreement about what other kinds of legal claims law it may encompass.
A functioning intellectual property regime should also facilitate the transfer of technology in the form of foreign direct investment, joint ventures and licensing. The protection is usually given for a finite term (typically 20 years in the case of patents).
Intellectual Property Some types of property involve images, ideas, concepts, or arrangements of words. Collectively, these are referred to as intellectual property (IP). For example, someone who designs a better mouse trap and then receives a patent for her idea possesses IP.