Question

Intellectual ______ is the legal term for ownership of intangible assets such as ideas, art, music, movies, and software.

Answer 1

Answer:

property

Explanation:

In legal terms, Intellectual property (IP) describes ownership of intangible assets or properties such as ideas, art, music, movies and software.

Some of the types of Intellectual Property are;

i. Trademarks: rights given on words, letters, symbols or graphics that a company or business uses to differentiate from other businesses. For example, Microsoft uses four squares of different colors (red, blue, green and yellow/orange)

ii. Patents: rights given on inventions.

iii. Copyrights: rights given on music, drama, arts, software and other similar properties.

Answer 2

Answer:

Property

Explanation:

Intellectual Property (IP) is the lawful protection of human idea/intellect by unauthorised users. These human intellects are intangible assets that have both moral and commercial value. They include ideas, art, music, movies, software e.t.c.

Common types of Intellectual property include

• Copyrights
• patents
• Trade Marks
• Trade Secrets