4. gongkai innovation

If the term intellectual property sounds like an oxymoron to you, you’re not alone. If I give you an apple and say, “This is your apple,” what that means is pretty clear. You can do what you want with that apple: you can eat it, sell it, or even use the seeds to plant an apple tree and make more apples, which you can then sell or use to feed your family. But if I hand you a phone and say, “This Apple iPhone is yours,” you own the collection of atoms in your hand, but you have extremely limited rights to the software, patents, and trademarks—the intellectual property—associated with that phone. Unlike with the fruit, you can’t take what’s inside your iPhone and use that knowledge as a seed to make more iPhones.

Intellectual ...

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