Intellectual Property

Intellectual property refers to unique and unobvious products of the human mind such as ideas, inventions, writings, speeches, names, industrial processes and the like. U.S. laws define four types of intellectual property: patents, trademarks, copyrights, and trade secrets. Intellectual property is like any other kind of property in that it can be bought or sold, and like any other type of property, the owner has the right to control how it’s used. The main difference between intellectual property and “real” property is that it is intangible. In order to be protected, it must be expressed in some tangible form.

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