What is intellectual property?

Intellectual Property can be defined as Creative ideas and expressions of the human mind that have commercial value and receive the legal protection of a property right. The major legal mechanisms for protecting intellectual property rights are copyrights, patents, and trademarks. Intellectual property rights enable owners to select who may access and use their property and to protect it from unauthorized use.
source: http://www.c7.ca/

Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which property rights are recognised--and the corresponding fields of law.[1] Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.
source: http://en.wikipedia.org/wiki/Intellectual_property

This subject is out of my field of depth, but if you are in Hobart, and want to know more (com'on you crafty ladies who read this blog! - you know I know who you are now!),
I would urge you to come along next Tuesday the 18th May 6-8pm to a course Business and Employment will be running, and best of all, it's FREE.  Call 1800 709 552.
For those of us trying to grow our small businesses, this is essential information to know!

oops...left out the credit for the image; it's from here.