Explanation: Intellectual property is a legal term which indicates an idea, process, or physical creation that comes from the work of the mind. Through the use of patents, franchise, copyright, trade secrets and trademarks, an intellectual property is most often legally protected by an individual or business entity in order to prevent unauthorized use by another or implementation without consent being granted by the owner. For instance, an individual who invented a unique device for solving a problem using a particular technology possess an intellectual property.
