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Finance: What is intellectual property?6 Views

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Finance Allah shmoop What is intellectual property Well here's really

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property Cows barn Verdell Isar Surgical facemasks But this wealthy

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Zehr blueprints for a state of the art brand new

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semi conductor Awesome device can store the entire video library

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of Netflix on your wrist Took a thousand people four

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years to build the blueprints and they're probably worth a

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half a billion dollars today Think of them as brain

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splatter the good kind of brain flat not the zombie

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eaten kind The best ideas splattered on paper and then

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filed with the U S and other patent offices around

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the world likely to be licensed in return for cash

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payments to a variety of computer device makers Overtime This

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paper it's intellectual property Or rather the ideas represented on

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it are I pee and they're sellable just like any

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other property Cars horses homes land planes remote controlled gardening

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Cheers Yeah whatever Intellectual property generally refers to anything that's

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not like touchable M C Hammer knows what we're talking

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about you and or more like It's just ideas or

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assets that only live as concepts The Disney brand intellectual

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property the Disney theme park Riel property The recipe for

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Coke intellectual property That bottle of Coke Safeway just sold

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you for three bucks Riel property the shmoop name and

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logo And this schmuck audio sounding thing Yeah intellectual property

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The shmoop t shirt on this cute kid riel property

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The kid Well not property There are laws against that 00:01:30.45 --> [endTime] sort of thing but she's cute anyway Hi

Find other enlightening terms in Shmoop Finance Genius Bar(f)