PROPERTY = that which can be bought, sold, assigned, & mortgaged
INTELLECTUAL PROPERTY (IP) =
- Form of property that governs products of the mind
- Any creation of the intellect which is given the legal status of property
INTELLECTUAL PROPERTY RIGHTS (IPR) =
- 'Intangible Rights'--of intangible assets with value derived once expressed in tangible form.
- Protection of the mental labor that is embodied in physical or tangible objects.
- A statutory monopoly conferred unto creations of the mind for a prescribed term to prevent unauthorized exploitation.