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Understanding Intellectual Property: Types, Examples, and Importance - P9


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Fact checked by

Fact checked by Jared Ecker

Updated August 05, 2025

Source: Investopedia

Photo / Image Source: Unsplash,



Overview of Intellectual Property Categories

Intellectual property can consist of many types of intangibles.

Digital Assets

Digital assets are also increasingly recognized as intellectual property. These would include proprietary software code or algorithms and online digital content.



Types of Intellectual Property

IP

Protection

Duration (in the U.S)

Patents

Inventions, industrial designs, computer code

20 years

Trademarks

Unique identifiers for a business or its products or services (e.g., logos, brand names)

As long as the trademarked material remains active

Copyrights

Works of authorship, including books, poems, films, music, photographs, online content

70 years after the author dies6



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