Intellectual property (IP) is a juridical concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights and in some jurisdictions trade secrets.
Although many of the legal principles governing intellectual property rights have evolved over centuries, it was not until the 19th century that the term intellectual property began to be used, and not until the late 20th century that it became commonplace in the majority of the world. The British Statute of Anne 1710 and the Statute of Monopolies 1623 are now seen as the origins of copyright and patent law respectively.
Read more about Intellectual Property: History, Objectives
Famous quotes containing the words intellectual and/or property:
“O thou undaunted daughter of desires!
By all thy dower of lights and fires;
By all the eagle in thee, all the dove;
By all thy lives and deaths of love;
By thy large draughts of intellectual day,
And by thy thirsts of love more large then they;
By all thy brim-fill’d Bowls of fierce desire,
By thy last Morning’s draught of liquid fire;
By the full kingdom of that final kiss
That seiz’d thy parting Soul, and seal’d thee his;”
—Richard Crashaw (1613?–1649)
“Only the old are innocent. That is what the Victorians understood, and the Christians. Original sin is a property of the young. The old grow beyond corruption very quickly.”
—Malcolm Bradbury (b. 1932)