Summary

Thing, property, and Intellectual property

• Things are corporeal objects
• Property includes both corporeal (tangible) and incorporeal (intangible) objects thus bigger.
• Intellectual property is a type of intangible property.
  • It is rights are the collective name given to a suite of legal protection.
  • to protect the creator, author, or inventor of an intangible creation.
  • Protection of incentive-innovation-reward cycle; innovation which benefit society as a whole should be encouraged and the creator should be rewarded.
  • such as copyright, Patent, Trademark, and trade secrets.