Technology Terms Glossary
What is intellectual property?
We can define intellectual property as any intellectual or human creation, like literary works, inventions, artistic works, and designs. In most cases, intellectual property, such as patents, is legally owned and protected by an organization from outside use and implementation without adequate consent. One of the primary purposes of intellectual property law in many countries is to encourage and facilitate the creation of a variety of intellectual goods.
Some common types of intellectual property are:
- Example 1: Trademarks
- Example 2: Trade secrets
Here is a comprehensive article about intellectual property .
What is kitchen sinking?
We can define kitchen sinking as the practice of consolidating or lumping all bad news, such as poor financial results, in one go. For example, in accounting or finance, it’s snow-balling losses and then reporting them in a single period. Note that Tesco used kitchen-sinking to announce its worst-ever financial results.
Some fundamental elements or aspects of kitchen sinking are:
- Example 1: It tends to focus on the past
- Example 2 : It overwhelms the person on the receiving end, and the present issue almost always gets lost
Here is a comprehensive article about kitchen sinking .