Intellectual property

Intellectual property is proprietary information that's critical to an organization's efficient and effective functioning and competitiveness.

Definitions

According to Management by Robbins and Coulter (14th edition),

Intellectual property. Proprietary information that's critical to an organization's efficient and effective functioning and competitiveness.

According to Principles of Economics by Timothy Taylor (3rd edition),

Intellectual property. The body of law including patents, trademarks, copyrights, and trade secret law that protects the right of inventors to produce and sell their inventions.