IP or Intellectual Property are rights owned over intangible property. Examples of things, which can be held in, are IP are designs, brand names and products. IP rights can be sold and licensed much like tangible property.
Intellectual property can be extremely valuable to a business but yet is often overlooked and not adequately protected. IP rights fall into four main catagories:
1. Copyright - copyright is an automatic IP right awarded over work such as literature, art or music created by an individual or company. It is denoted by a recognisable symbol