ShmoopTube

00:00

Finance Allah shmoop What is intellectual property Well here's really

00:08

property Cows barn Verdell Isar Surgical facemasks But this wealthy

00:14

Zehr blueprints for a state of the art brand new

00:16

semi conductor Awesome device can store the entire video library

00:20

of Netflix on your wrist Took a thousand people four

00:23

years to build the blueprints and they're probably worth a

00:25

half a billion dollars today Think of them as brain

00:28

splatter the good kind of brain flat not the zombie

00:31

eaten kind The best ideas splattered on paper and then

00:34

filed with the U S and other patent offices around

00:36

the world likely to be licensed in return for cash

00:39

payments to a variety of computer device makers Overtime This

00:43

paper it's intellectual property Or rather the ideas represented on

00:48

it are I pee and they're sellable just like any

00:51

other property Cars horses homes land planes remote controlled gardening

00:54

Cheers Yeah whatever Intellectual property generally refers to anything that's

00:58

not like touchable M C Hammer knows what we're talking

01:01

about you and or more like It's just ideas or

01:05

assets that only live as concepts The Disney brand intellectual

01:09

property the Disney theme park Riel property The recipe for

01:13

Coke intellectual property That bottle of Coke Safeway just sold

01:17

you for three bucks Riel property the shmoop name and

01:20

logo And this schmuck audio sounding thing Yeah intellectual property

01:24

The shmoop t shirt on this cute kid riel property

01:27

The kid Well not property There are laws against that 00:01:30.45 --> [endTime] sort of thing but she's cute anyway Hi

Full Transcript