INTELLECTUAL PROPERTY. Intellectual property is the product of their thinking that can be used for commercial value. In other words, think of a song and write the words - you have the legal right to prevent others from copying or making a song based on lyrics. This right you can make money if someone is willing to pay for his song. Maybe your boss asked you to write a computer program.
Who owns the work? You have made a new mouse trap and has the design on the computer. Or create a distinctive logo for your company. But intellectual property goes beyond the songs or the copyright, even. Let's examine the four main areas of Intellectual Property law, trade secrets, copyrights, trademarks and patents.