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Department of Registrar of Companies and Official Receiver
Home  /  Understanding Intellectual property  /  What is Intellectual Property?
What is Intellectual Property? icon

What is Intellectual Property?

Contrary to ownership in relation to tangible objects, such as e.g. ownership of cars, houses and other objects, intellectual property refers to the ownership by a natural or legal person over the creations of the human mind, such as an invention, design, distinctive mark, artistic works.

Intellectual property rights are protected by national, European legislation, as well as international agreements.

The protection of such intellectual property rights provides to their holders the exclusive or unique right of exploitation of their creation, as well as the right to take judicial and other measures for their protection in cases of unlawful unauthorised copying and use by third persons.

Furthermore, the protection of intellectual property rights of your enterprise may provide financial value, which shall contribute to its profitability and further development through exclusive commercial exploitation, sale of rights, licensing their use to third party beneficiaries, as well as exploiting them as security for obtaining financing.

For further information, refer to the main types of intellectual property rights.

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