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Physical property is a type of "tangible" property that can be touched and moved, or physically sold or secured; intellectual property is a type of "intangible" property that exists as a concept, and may be represented in physical form, but is not touched, protected or transferred in physical form.

Another type of transferable intangible property would be voting rights in shares of stock; although they may be represented by printed shares, the ownership of the rights may exist without they physical presence of those papers.

For example, a statue is a "copy" of a work of creative authorship by the sculptor and is protected by copyright; it may be physically moved, sold, destroyed; but the possession of the copy (even if it is the only one) has nothing to do with the ownership of the intellectual property it represents: the copyright of the sculptor in that work and any copies of that work.

Similarly, an inventor may own a trade secret or patent on an invention (all of which are intellectual property), and a person who purchases or uses the device that incorporates the invention might have physical property but does not own the intellectual property embodied in the invention (i.e., the right to prevent others from making, using, selling or importing copies of the invention, or anything else that would infringe the i.p. rights).

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