Understanding Intellectual Property: Types, Examples, and Importance - P2

BymWill Kenton

Reviewed by

Khadija Khartit

Fact checked by

Jared Ecker

Fact checked by Jared Ecker

Updated August 05, 2025

Source: Investopedia

Photo / Image Source: Unsplash,

The Importance and Value of Intellectual Property

Intellectual property is a category of intangible assets. They can't be held and don't necessarily have a physical presence. These assets are created using human intellect. Such property can take many forms and can include artwork, symbols, logos, brand names, and designs.

Companies are diligent when it comes to identifying and protecting intellectual property because it holds such high value in an increasingly knowledge-based economy. Producing intellectual property requires heavy investments in brainpower and time of skilled labor. This translates into heavy investments by organizations and individuals that shouldn't be accessed by others with no rights.

Extracting value from intellectual property and preventing others from deriving value from it is an important responsibility of any company. Though intangible, intellectual property can be more valuable than physical assets. It can represent a competitive advantage and is fiercely guarded and protected by the companies that own the property as a result.

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