- Feb 2014
A universal definition of intellectual property might begin by identifying it as nonphysical property which stems from, is identified as, and whose value is based upon some idea or ideas. Furthermore, there must be some additional element of novelty. Indeed, the object, or res, of intellectual property may be so new that it is unknown to anyone else. The novelty, however, does not have to be absolute. What is important is that at the time of propertization the idea is thought to be generally unknown. The re
Intellectual property cannot be common currency in the intellectual life of the society at the time of propertization.
What constitutes society at this point; do small groups and communities suffice or does it have to be popularly known beyond a small few?