Intellectual Property Protection

What is intellectual property protection?

The term "intellectual property" refers to the collection of intangible assets that a business or individual owns and is legally entitled to protect against unauthorized use or implementation by third parties. Non-physical assets known as intangible assets may be owned by a company or an individual. The concept of intellectual property was developed on the premise that some works of human creativity should have the same legal protections as tangible objects or real property. Legal protections for both types of property are in place in the majority of developed economies.