The biggest difference, and the one cited most frequently in arguments about copyright and filesharing, is that if I take your physical property, you don't have it anymore. You had a screwdriver, now I have a screwdriver. But with intellectual property, there's no thing changing hands: you had a song, now we each have a song.
Intellectual property rights also expire after a set period of time. After a while, you can use my song without my permission. But you always need permission to use my screwdriver.
The most esoteric difference is that real property has inherent value, while intellectual property does not. An actual car has a known worth; the patents that make up that car, and the trademarks the car is sold under, only have value in relation to the actual car.
To further understand Intellectual Property here's a simple comparison between tangible property and intellectual property:
Tangible Property
Intellectual Property
If you want to permanently transfer tangible property, you sell that property.
If you want to permanently transfer intellectual property, you assign rights in that property
If you want to acquire temporary rights to tangible property such as a house or car, you rent or lease them from someone.
If you want temporary rights to someone else's intellectual property, you license those rights.
To relinquish your rights to tangible property without receiving any compensation, you give away the property.
To do the same thing with intellectual property rights, you would waive those rights.
If someone takes your tangible property without your consent, that property is considered stolen.
If someone uses your about patents, copyrights, or trademarks without your permission, those rights are considered to be infringed
If someone uses your trade secrets without permission they are misappropriated.
When any property, tangible or intangible, is sold or assigned, the new owner has full control over that property and can resell it, change it, destroy it, or give it away without the consent of the former owner.
When intellectual property is licensed, the licensor may impose restrictions on what the licensee can and cannot do with the licensed material. Those uses and restrictions would be included in the license grant.
Items that are sold usually have minimal restrictions and can be resold or transferred
Intellectual Property usually includes restrictions such as how long the licensee can continue to use the intellectual property, whether the licensee can copy the Intellectual Property, and whether the licensee can disclose the intellectual property to others.
Hardware is sold
Software is licensed
The purchaser has full ownership subject to any liens or encumberances
The licensee has a right to use the licensed materials subject to the terms and conditions imposed by the licensor in the license grant .
Real property is a thing that existed, and someone took ownership of it in some manner: I bought a piano. Intellectual property is created by someone's mind: using my imagination and skill I wrote a song.
The biggest difference--the one that makes intellectual property frustrating to talk about in the context of real property--is that although both can be bought and sold, real property physically exists in limited amounts, and intellectual property just doesn't. If you buy my piano, I no longer have a piano; if I sing my song to you, we both now "have" that song, to the extent that there's anything to "have" at all. It's the difference between taking a candle from someone, and simply lighting your candle off of theirs.
Industrial property represents an asset that is physical asset, such as a building or computer or machine. Intellectual property refers to patents and trademarks.
Intellectual property law defines intellectual property rights.
To further understand Intellectual Property here's a simple comparison between tangible property and intellectual property:Tangible PropertyIntellectual PropertyIf you want to permanently transfer tangible property, you sell that property.If you want to permanently transfer intellectual property, you assign rights in that propertyIf you want to acquire temporary rights to tangible property such as a house or car, you rent or lease them from someone.If you want temporary rights to someone else's intellectual property, you license those rights.To relinquish your rights to tangible property without receiving any compensation, you give away the property.To do the same thing with intellectual property rights, you would waive those rights.If someone takes your tangible property without your consent, that property is considered stolen.If someone uses your about patents, copyrights, or trademarks without your permission, those rights are considered to be infringedIf someone uses your trade secrets without permission they are misappropriated.When any property, tangible or intangible, is sold or assigned, the new owner has full control over that property and can resell it, change it, destroy it, or give it away without the consent of the former owner.When intellectual property is licensed, the licensor may impose restrictions on what the licensee can and cannot do with the licensed material. Those uses and restrictions would be included in the license grant.Items that are sold usually have minimal restrictions and can be resold or transferredIntellectual Property usually includes restrictions such as how long the licensee can continue to use the intellectual property, whether the licensee can copy the Intellectual Property, and whether the licensee can disclose the intellectual property to others.Hardware is soldSoftware is licensedThe purchaser has full ownership subject to any liens or encumberancesThe licensee has a right to use the licensed materials subject to the terms and conditions imposed by the licensor in the license grant .
Intellectual property rights is the legal right to property owned by a content creator, and often protected through the use of a trademark or copyright. This content is the creator's intellectual property.
There is absolutely no legal diffierence between except that all properties in these categories are are of different value or worth interms of depreciation.
what is difference between tangible or intangible?
intellectual is of the mind, sensual is of the body
No that is not the basic difference between the terms lease and rent. A lease is often a long term contract, where the details can't be altered. Rent is often more short term.
product is tangible and service is intangible.
Property refers to ownership, legal rights, and interests in something (e.g., land, goods, intellectual property), while possession refers to physical control or occupancy of something. Possession does not necessarily imply ownership, as someone can possess something without legally owning it.
Moral virtues pertain to character traits that enable individuals to act ethically and be good people, while intellectual virtues relate to cognitive qualities that aid in the pursuit of knowledge and understanding. Moral virtues include traits like honesty and compassion, while intellectual virtues encompass qualities such as curiosity and critical thinking. Both sets of virtues are important for human flourishing and moral development.
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
"Foreground intellectual property" is commonly the new intellectual property which is developed arising out of a relationship between two companies collaborating together. Contrasted with "Background Intellectual Property" which would be the intellectual property developed independently by each individual company prior to entering into the collaboration relationship. If two companies are collaborating together, they both may contribute background intellectual property from previous work they have done (and which they will normally own themselves but licence to the other for the purposes of developing the new product) - together the new product they develop which arises out of the collaboration and the background IP will form foreground intellectual property.