Lecture 10: Ethics

Question 1

Intellectual property

Answer 1

Intellectual property refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs.

Question 2

Intellectual property rights

Answer 2

Intellectual property rights are the legal claim through which proprietary assets are protected from unauthorized use by other parties, via trademarks, copyrights, and patents.