intellectual property

American  

noun

1. Law. property that results from original creative thought, as patents, copyright material, and trademarks.

2. an individual product of original creative thought.

   Microsoft’s Halo franchise is one of the most profitable intellectual properties in the video game industry.

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intellectual property British  

noun

1. an intangible asset, such as a copyright or patent

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Etymology

Origin of intellectual property

An Americanism dating back to 1840–45

Example Sentences

The budget also launched a second semiconductor mission with an outlay of $436m to produce equipment and materials and design full-stack intellectual property.

From BBC

“IP is at the center” — that’s short for intellectual property — “and then they can go execute across all the verticals, whether it’s experiential, merchandise, licensing, films, music, all of it.”

From Los Angeles Times

Look for strong proprietary intellectual property positions and firms with near monopolies or duopolies over their markets and products that are hard to substitute.

From Barron's

Mark Linscott, senior adviser for trade at the US-India Strategic Partnership, wrote on LinkedIn that there are still issues to be ironed out, including on intellectual property, agriculture and carbon emissions.

From BBC

The two partners are discussing a separate agreement on Geographical Indications, the intellectual property rights that link a product's qualities, reputation or features to its place of origin.

From Barron's