Intellectual property is a form of intangible property. Intellectual property is the general word for the rights known as copyright, patents, designs and trademarks. These are rights which cannot be touched and do not have a physical form, hence the name “intellectual property”. They are sometimes called “industrial property rights” which has the same meaning. This topic examines these rights and their licensing in relation to which royalties are typically charged. Further information on copyright and designs is in the Copyright and Designs topic and on trademarks in the Trademarks topic. The topic also provides guidance on know-how and confidential information.

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