Intellectual property is a kind of intangible property right.
Intellectual property rights refer to the exclusive rights that intellectual workers obtain over the fruits of their intellectual labor in accordance with the law.
Intellectual property rights, like houses, cars and other tangible property, are protected by national laws and have value and use value. The value of some major patents, well-known trademarks or works is also much higher than tangible properties such as houses and cars.
Intellectual property rights are the exclusive rights enjoyed by inventors, creators, etc. over the fruits of their creative labor in the fields of science, technology, literature and art. Its scope includes patents, trademarks, copyrights and related rights, integrated circuit layout designs, geographical indications, new plant varieties, trade secrets, traditional knowledge, genetic resources and folk literature and art.