Intellectual property is collecting personal non-property and exclusive property rights to certain information that can be represented on a material medium distributed in an unlimited number of copies. Schox argues that it “is an umbrella term for the legal rights that attach to inventions, confidential information, artistic expressions, and brands.” In this case, intellectual property will not be the right to copies themselves but the information reflected. It is possible to leverage this phenomenon by patenting specific products or services and gaining profit from dividends.
To achieve the uniqueness of a particular type of intellectual property, special official permits are acquired, which are called patents. According to Schox, they allow protecting valuable information from competitors and form a specific block for stealing products. Moreover, patents give owners the right to control the volume of goods produced by them, determine the technology, and conduct direct trade with consumers. To leverage their intellectual property with their technology transfer program, NSWC Crane tries to ensure that competitors’ activities do not affect their work and no violations occur concerning the use of unique and licensed products.