P.M. George Kutty Websition.com Gifted Author

Intellectual Property (often just called IP) is a general term covering patents, trademarks, designs, copyrights, geographical indications and in some countries the concept of unfair competition. It is, as the name suggests, the intangible personal property arising from intellectual creation. Since intangible, owner of intellectual property cannot build a fence around it as with real estate or place it in a bank locker as with valuables. To address the situation, governments have created a variety of forms of intellectual property protection.