FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -The access, distribution, and/or use of intellectual property without and/or beyond initial authorization and in violation of the rights of the owner or owners of the intellectual property is considered as intellectual property crime (a.k.a., intellectual property theft).

Detailed explanation-2: -Intellectual property (IP) is a term for any intangible asset–something proprietary that doesn’t exist as a physical object but has value. Examples of intellectual property include designs, concepts, software, inventions, trade secrets, formulas and brand names, as well as works of art.

Detailed explanation-3: -Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

Detailed explanation-4: -Intellectual property is owned and legally protected by a person or company from outside use or implementation without consent. Intellectual property can consist of many types of assets, including trademarks, patents, and copyrights.