This article is about the legal
concept. For the 2006 film, see Intellectual Property (film).
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Primary rights
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Intellectual property (IP) is a legal concept which
refers to creations of the mind for which exclusive rights are
recognized.[1] 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, trade dress,
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.[2] The
British Statute of Anne (1710) and the Statute of Monopolies (1623) are now seen
as the origins of copyright and patent law respectively.[3]
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