Question

What is the difference between real property and intellectual property?

Answer 1

Difference between real property and intellectual property:

The development in science and technology has had its impact on the meaning of property giving a new dimension in development of rules for property protection.Evolving rules in socio-politico-economictechnological milieu saw the dawn and development of intellectual property.
Intellectual property shares many of the characteristics associated with real and personal property. It is an asset that can be bought, sold, licensed, exchanged, or gratuitously given away. Further, the intellectual property owner has the right to prevent the unauthorized use or sale of the property.
The most noticeable difference between intellectual property and real property, however, is that intellectual property is intangible, that is, it cannot be defined or identified by its own physical parameters.