Although many of the principles related to intellectual property law have evolved over centuries, the term intellectual property did not come into use until the 19th century, and was not used commonly in the United States until the late 20th century.
What is Intellectual Property?
Intellectual Property is defined as any intangible asset that consists of human knowledge and ideas. Examples of Intellectual Property include copyrights, patents, trademarks and software. Intellectual property may also refer to artistic or creative endeavors and production: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce as you can read from this https://www.tekrevue.com/inventhelp-tech-invention-off-the-ground/ article too.
Intellectual property is generally divided into two categories. The first category, industrial property, includes inventions and therefore patents, trademarks, industrial designs, and geographic indications of source. The second category has to do with copyrighted works, including literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.
Intellectual property assets may be difficult to quantify on a balance sheet; because they may not a material good like most other assets, Intellectual Property can be very difficult to objectively assign a value to. For this reason, if you believe you have the basis for an Intellectual Property-related case, it is important to get in touch with an attorney or an patenting agency, such as InventHelp, with extensive experience in this field of law.