What is Intellectual Property?

Intellectual property (IP) is the name given to property arising out of the human intellectual effort.

• The output of human intellectual effort often manifests itself as new or original knowledge or creative expression which adds a desirable quality to a marketable product or a service.
• Various elements provide intellectual output with attributes that, in one way or another, enhance the quality of life.
• These elements may be called - 

1. Human endeavor
2. Ingenuity
3. Creativity
4. Inventiveness
5. Flash of Inspiration
6. Sudden insight
7. New insight into observed facts 

• These elements may involve solving a technical problem in making something with more desirable functional qualities or result in creating something aesthetically pleasing to satisfy a human need or want to be it.
• These value-adding or 'quality of life' enhancing elements are the basis of IP.
• Intellectual property refers to creations of the mind - 

1. Inventions
2. Literary
3. Artistic works
4. Designs used in commerce
5. Symbols
6. Names
7. Images

Characteristics of IP

A key characteristic of any property is that the owner of the property has the exclusive authority to determine how that property is used.

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