Intellectual Property (Noun)
Meaning
Intangible property that is the result of creativity (such as patents or trademarks or copyrights).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's intellectual property included several patents and trademarks that were crucial to its success in the tech industry.
- Intellectual property laws protect creators and inventors by giving them exclusive rights to their original work.
- The artist's use of someone else's copyrighted material without permission was a clear infringement of their intellectual property.
- The software firm invested heavily in research and development to expand its intellectual property portfolio.
- The entrepreneur took steps to safeguard her intellectual property by registering her business name and logo as trademarks.