intellectual property right
Intellectual Property Rights
The right of a person or company to exclusively use its own ideas, plans, and other intangible assets without competition, at least for a certain period of time. Examples of intellectual property include copyrights, trademarks, patents, and trade secrets. Intellectual property rights may be enforced by court through a lawsuit. The idea behind the protection of intellectual property is to encourage innovation without fear that a competitor may steal the idea and/or take credit for it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
intellectual property rightthe legal ownership by a person or business of a COPYRIGHT, DESIGN, PATENT or TRADE MARK attached to a particular product or process which protects the owner against unauthorized imitation.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
intellectual property rightthe legal ownership by a person or business of a COPYRIGHT, DESIGN, PATENT, TRADE MARK attached to a particular product or process that protects the owner against unauthorized copying or imitation. Such property rights are an important element of PRODUCT DIFFERENTIATION and confer temporary MONOPOLY advantages to suppliers.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005