What is the essence of intellectual property?

Legal analysis: 1. Intellectual property is exclusive, also known as monopoly and exclusivity.

2. The regionality of intellectual property rights. Intellectual property, as an exclusive right recognized and protected by law, has limited space, restricted by national territory and strict regionality.

3. Timeliness of intellectual property rights, timeliness of intellectual property rights, refers to the time limit of the effectiveness of intellectual property rights.

4. Intellectual property is not important.

Legal basis: People's Republic of China (PRC) Patent Law.

Article 1 This Law is formulated for the purpose of protecting the legitimate rights and interests of patentees, encouraging inventions and creations, promoting the application of inventions and creations, improving innovation ability, and promoting scientific and technological progress and economic and social development.

Article 2 Inventions and creations mentioned in this Law refer to inventions, utility models and designs.

Invention refers to a new technical scheme proposed for a product, method or its improvement.

Utility model refers to a new practical technical scheme for the shape, structure or combination of products.

Appearance design refers to a new design that is aesthetically pleasing and suitable for industrial application, which is made on the shape, pattern or their combination of products and all or part of the combination of colors, shapes and patterns.

Article 17 Where a foreigner, foreign enterprise or other foreign organization that has no habitual residence or business office in China applies for a patent in China, it shall be handled in accordance with the agreement signed between the country to which it belongs and China or the international treaties to which it is a party, or in accordance with the principle of reciprocity.

Article 18 Foreigners, foreign enterprises or other foreign organizations that have no habitual residence or business office in China who apply for patents and handle other patent affairs in China shall entrust a legally established patent agency to handle them.

Units or individuals applying for patents and handling other patent affairs in China may entrust a legally established patent agency to handle them.

Patent agencies shall abide by laws and administrative regulations, accept the entrustment of clients, and handle patent applications or other patent affairs; The contents of the client's invention and creation shall be kept confidential, except that the patent application has been published or announced. Specific measures for the administration of patent agencies shall be formulated by the State Council.

Article 42 From the date of filing, the term of patent right for invention is 20 years, that for utility model is 10 year, and that for design is 15 year.