Intellectual property n.

A product of the intellect that has commercial value, including copyrighted property such as literary or artistic works, and ideational property, such as patents, appellations of origin, business methods, and industrial processes.

The ownership of ideas and control over the tangible or virtual representation of those ideas. Use of another person’s intellectual property may or may not involve royalty payments or permission, but should always include proper credit to the source.

-The Free On-line Dictionary of Computing, © 1993-2003 Denis Howe

 

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Additionally, here are some links to information on intellectual property:

Basic Facts

About Registering A Trademark

Patent and Trademark Office Home Page

World Intellectual Property Organization

Investorwords: Intellectual Property