In simple terms intellectual property deals with copyright and patent and trademark matters. An idea, a concept, a trademark, or design is also property albeit, oftentimes an intellectual one.

Plagiarism, copyright infringements and piracy are the bane of the music and film industry. Copyright laws not only protect the rights of creative individuals, but also ensure that corporations and pharmaceutical companies that often spend billions on developing a single drug are rewarded for the money and effort that they have put in on research and development. With globalization the field of intellectual property is expanding vastly. How to promulgate and implement laws to protect copyrights and patents in an online world is becoming an extremely complex challenge.