Intellectual property policy

An intellectual property policy (IP policy) comprises the policies and procedures set up by a company, a state, or an institution that relate to creating, using or disseminating its intellectual property. The purpose of the intellectual property policy is to foster the creation and dissemination of knowledge and to provide certainty in individual and institutional rights associated with ownership and the distribution of benefits that may originate from the formation of intellectual property.

Source: Wikipedia — Intellectual property policy (CC BY-SA 4.0)