Intellectual Property
Also known as: IP, intellectual property, creative asset
Creative or knowledge-based property that can be owned, licensed, protected, or used to create value.
Definition
Intellectual property includes things people create with ideas and knowledge. It can include brands, content, software, patents, trademarks, designs, and other protected work.
Example
A trademarked brand name, a software codebase, and a paid training course can all contain intellectual property.
Important Context
Intellectual property is strongest when ownership is clear and the asset can be used in a real market.