Intellectual Property | Frenly Legal

Intellectual property (IP) refers to the intangible creations of the human intellect. The concept of intellectual property has its roots in ancient civilizations. IP laws reportedly give people and businesses property rights to their original ideas and prevent unauthorized use. With the United States, China, and Japan being the top three countries for patent filings, IP has become a crucial aspect of modern business and commerce. The importance of IP is evident in the fact that many companies, such as Google and Microsoft, derive a significant portion of their revenue from IP-protected products and services.