In law, intellectual property (IP) is an umbrella term for various legal entitlements which attach to certain types of information, ideas, or other intangibles in their expressed form. The holder of this legal entitlement is generally entitled to exercise various exclusive rights in relation to the subject matter of the IP. The term intellectual property reflects the idea that this subject matter is the product of the mind or the intellect, and that IP rights may be protected at law in the same way as any other form of property.

Intellectual property laws vary from jurisdiction to jurisdiction, such that the acquisition, registration or enforcement of IP rights must be pursued or obtained separately in each territory of interest. However, these laws are becoming increasingly harmonised through the effects of international treaties such as the 1994 World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs), while other treaties may facilitate registration in more than one jurisdiction at a time. Certain forms of IP rights do not require registration in order to be enforced.

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@slightlysick that's bc the austrians r the only sane ones. Thought I am not fond of some of the austrians assult on intellectual property
JG_capitalist (JG_capitalist) Fri, 08 Jan 2010 04:29:16 -0000
@slightlysick that's bc the austrians r the only sane ones. Thought I am not fond of some of the austrians assult on intellectual property
@ConversationAge @brendafinkle It's something of a passive intellectual property violation
Doctor_V (Bryan Vartabedian) Fri, 08 Jan 2010 03:47:44 -0000
@ConversationAge @brendafinkle It's something of a passive intellectual property violation
"I just stole a baby's intellectual property." LOLOL!! #modernfamily
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