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Intellectual Property Definition

Intellectual property – n : often referred to by its abbreviation (IP); an intangible asset of a company that consists of human ideas. Legally, patents, copyrights and trade secrets are all forms of intellectual property. In the startup world, a company’s IP is a key part of its “secret sauce” – its key differentiation that sets it apart from its present and future competition.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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