The IfcProduct is an abstract representation of any object that relates to a geometric or spatial context. An IfcProduct occurs at a specific location in space if it has a geometric representation assigned. It can be placed relatively to other products, but ultimately relative to the project coordinate system. The ObjectPlacement attribute establishes the coordinate system in which all points and directions used by the geometric representation items under Representation are founded. The Representation is provided by an IfcProductDefinitionShape being either a geometric shape representation, or a topology representation (with or without underlying geometry of the topological items). 

Products include manufactured, supplied or created objects (referred to as elements) for incorporation into an AEC/FM project. This also includes objects that are created indirectly by other products, as spaces are defined by bounding elements. Products are defined by their properties and representations. 

Any instance of IfcProduct defines a particular occurrence of a product, the common type information, that relates to many similar (or identical) occurrences of IfcProduct, is handled by the IfcTypeProduct (and its subtypes), assigned to one or many occurrences of IfcProduct by using the objectified relationship IfcRelDefinesByType. The IfcTypeProduct may provide, in addition to common properties, also a common geometric representation for all occurrences.