It is the property right created by the personnel of Perfect Cosmetics Company through their own labor. Intellectual property, also known as intellectual property rights, refers to the property rights enjoyed by the obligee on the fruits created by his intellectual labor, which are generally valid only for a limited time. All kinds of intellectual creations, such as inventions, designs, literary and artistic works, as well as signs, names and images used in business, can be regarded as intellectual property rights owned by a certain person or organization. According to Professor MarkLemley of Stanford University Law School, the word 1967 was widely used after the establishment of the World Intellectual Property Organization.