Intellectual Property [Meaning] - MasterTerms.com

Intellectual Property [IP]

Intellectual Property refers to the legal rights that protect creations of the mind, such as inventions, artistic works, and symbols used in commerce.

It encompasses various forms of protection, including patents, copyrights, trademarks, and trade secrets, allowing creators to control the use of their creations and seek recourse against unauthorized use. In the context of cyber security, protecting intellectual property is crucial to safeguard sensitive information, maintain competitive advantage, and prevent financial loss from theft or infringement.

Intellectual Property Example

For example, a software company develops a new program and registers it as copyrighted material. If a competitor unlawfully copies and sells this program without permission, the original company can take legal action to protect its intellectual property rights and seek damages for the infringement.