There are three basic types of property recognized under law:
Real property (land and the buildings attached to it; real estate)
Tangible property (objects that can be touched or moved)
Intangible property (“things” that have no corporeal form but are merely ideas, such as futures in pork bellies, a song, or a software program)
Intellectual property is a type of intangible property that consists of writing, art, programming, an idea for an invention, or other creative product.
It is important to distinguish between the intellectual property and the physical manifestation of that property. The sequence of words that make up a book is intellectual property; a printed copy of the book is physical property. If ...