What type of property is considered to arise from intellectual or creative processes?

The type of property that arises from intellectual or creative processes is classified as intellectual property. This term encompasses creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. Intellectual property rights are designed to protect the interests of creators by giving them exclusive rights to their creations for a certain period, thus encouraging innovation and creativity.

Real property refers to land and anything permanently attached to it, such as buildings and trees; it’s not connected to the realm of creations of the mind. Tangible property consists of physical items that can be touched or moved, while personal property is a broader category that includes all property not classified as real property but does not specifically pertain to creations like intellectual property does. Thus, recognizing that intellectual property is about protecting the outcomes of human creativity and innovation is crucial to understanding this concept.