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What does intellectual property mean?

Looking for the meaning or definition of the word intellectual property? Here's what it means.

Noun
  1. (uncountable) Any product of someone's intellect that has commercial value: a piece of literature, a painting, an invention, a trademark a trade secret, etc. Works protected under intellectual property law, and accorded intellectual property rights such as copyrights and patents.
  2. (countable) Any individual work that is protected under intellectual property law.
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We can follow these themes into the law of intellectual property, but with important qualifications.
The legal system protects intellectual property through patents and copyright.
The technology is licensable intellectual property with an associated tool environment.
Other problematic areas include intellectual property rights, trademarks and data protection.
This was the author's, or whosever to whom authors assigned their intellectual property.
In some cases, the spyware may include key loggers that could lead to intellectual property theft and corporate espionage.

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