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English definition of “intellectual property”

intellectual property

noun [U]     ( abbreviation IP) LAW
someone's idea, invention, etc. that can be protected by law from being copied by someone else: Theft of intellectual property is widespread, with factories illegally producing millions of cheap copies of the latest design of phone. intellectual property rights/issues/protection → Compare literary property
(Definition of intellectual property noun from the Cambridge Business English Dictionary © Cambridge University Press)
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