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Intellectual Property
Intellectual (IP) property usually refers to a form of legal entitlement which sometimes attaches to the expressed form of an idea, intangible or tangible subject matter. This legal entitlement allows its owner to exercise exclusive rights of use of the intellectual property.
The term "intellectual property" denotes the specific legal rights which authors, inventors and other holders may hold and exercise, and not the intellectual work itself.
Intellectual property laws are designed to protect different forms of intangible subject matter such as patents which may be granted in relation to an invention that is new, useful and not simply an obvious advancement over what existed when the application was filed. A patent gives the holder the exclusive right to commercially exploit the invention for a certain period of time (typically 20 years from the filing date of a patent application).
Patents, trademarks and designs fall into a particular subset of intellectual property known as industrial property.
Intellectual property, moreover, the exclusive rights of the intellectual property, can be transfer gray (sold) or licensed (royalties) to third parties.

Interest in obtaining licensing for your Invention?
The purpose of licensing is to grant another individual, company or corporation the right to use your intellectual property for a specific amount of time and for a specific purpose. The specifics are outlined in the terms of the agreement. A licensor may grant licensing under "intellectual property" to do something (such as copy software or use a patented invention) without fear of a claim of intellectual property infringement brought by the licensor. A license under intellectual property usually has several parts including a term, territory, renewal, invented as well as other limitations deemed vital to the licensor and licensee. Many licenses are valid for a particular length of time protecting the licensor should the value of a licensing agreement increase, or market conditions change. Patent Agent

Invent
one who invents or finds out something new; a contriver; especially, one who invents mechanical devices.

Invent Now
Celebrates inventors, and has indexes of inventors with brief biographies, and an index of inventions so you can find out who is credited with which ...New Search - Details - Induction informationwww.invent.org/ - Cached - Similar

InventNow.org - World
See hundreds of inventions that have been submitted by kids. Includes games, message board, contest and other activities.Gallery - Invent now - Showroom - Patent it nowwww.inventnow.org/ - Cached

Invention - Wikipedia, the free encyclopedia
An invention is a new composition, device, or process. An invention may be derived from a pre-existing model or idea, or it could be independently conceived ...en.wikipedia.org/wiki/Invention - Cached - Similar
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