intellectual property

noun
Law. property that results from original creative thought, as patents, copyright material, and trademarks.

Origin:
1840–45, Americanism

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Collins
World English Dictionary
intellectual property
 
n
an intangible asset, such as a copyright or patent

Collins English Dictionary - Complete & Unabridged 10th Edition
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FOLDOC
Computing Dictionary

intellectual property definition

legal
(IP) The ownership of ideas and control over the tangible or virtual representation of those ideas. Use of another person's intellectual property may or may not involve royalty payments or permission, but should always include proper credit to the source.
(1997-03-27)

The Free On-line Dictionary of Computing, © Denis Howe 2010 http://foldoc.org
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Example sentences
They are out there trying to steal intellectual property, make some money.
But initial trials are under way while they stake out intellectual property
  rights.
Thus, copyright and intellectual property rights as stands now require serious
  reform.
The debate over intellectual property transcends the law-and requires
  philosophy.
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