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intellectual property
intellectual property intellectual property property

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intellectual property UK US noun [U] (ABBREVIATION IP) LAW
someone's idea, invention, etc. that can be protected by law from being copied by someone else: »

Theft of intellectual property is widespread, with factories illegally producing millions of cheap copies of the latest design of phone.

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intellectual property rights/issues/protection

Compare LITERARY PROPERTY(Cf. ↑literary property)

Financial and business terms. 2012.