{"id":7724,"date":"2017-11-10T18:04:51","date_gmt":"2017-11-10T18:04:51","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=7724"},"modified":"2018-06-06T15:59:28","modified_gmt":"2018-06-06T15:59:28","slug":"intellectual-property","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=7724","title":{"rendered":"Intellectual Property – intangible rights protecting commercially valuable products of the human intellect:"},"content":{"rendered":"

intellectual property<\/span>:
\n<\/strong><\/span>(1808)<\/strong><\/em><\/span><\/p>\n

1. A category of intangible rights protecting commercially valuable products of the human intellect.\u00a0 *\u00a0 The category comprises primarily trademark, copyright, and patent rights, but also includes trade-secret rights, publicity rights, moral rights, and rights against unfair competition. <\/strong><\/span><\/p>\n

2. A commercially valuable product of the human intellect, in a concrete or abstract form, such as a copyrightable work, a protectable\u00a0<\/span>trademark, a patentable invention, or a trade secret.<\/strong>\u00a0\u2014 Abbr. IP. [1]<\/span><\/p>\n

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\u00a0 \u00a0 \u00a0Excerpt from Lionel Bently & Brad Sherman’s\u00a0Intellectual Property Law<\/em><\/a>\u00a0(2001):<\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0\u201cWhile there is a close relationship between intangible property and the tangible objects in which they are embodied, intellectual property rights are distinct and separate from property rights in tangible goods. For example, when a person posts a letter to someone, the personal property in the ink and parchment is transferred to the recipient. . . . [T]he sender (as author) retains intel<\/span><\/span>lectual property rights in the letter.<\/span>\u201d\u00a0<\/span><\/strong>[2]<\/span><\/p>\n

2. Property<\/strong> (examples: copyrights; patents; trade secrets) that is the physical or tangible result of original thought.\u00a0 Modern technology has brought about widespread infringement of intellectual property rights. Example: the unauthorized reproduction and sale of videotapes, audiotapes, and computer software.\u00a0<\/strong> See infringement of copyright; infringement of patent; literary property; piracy. [3]<\/span><\/p>\n

Hard Intellectual Property<\/a><\/span> – excludes others from using the invention without the holder\u2019s consent even if others find the innovation independently.<\/strong><\/span><\/p>\n