In simple terms, intellectual property is a product of the human intellect that has commercial value. Intellectual property encompasses a wide range of creations—from fiction, poetry, songs, designs and artwork to ads, product names, mechanical inventions, processes, chemical formulas, machines and software. The commercial value of intellectual property comes from the ability of its owner to control its use. If the owner could not legally require payment in exchange for use, ownership of the intellectual property would have intellectual worth but no commercial value.

Кл.слова:
копірайт -- інтелектуальна власність