intellectual property

Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

It is a legal concept which grants creators exclusive rights to their creations for a certain period, allowing them to protect and benefit financially from their work.

Intellectual property rights are categorized into patents, copyright, trademarks, and trade secrets, among others, aiming to encourage innovation and creativity by ensuring that creators can control and profit from their intellectual contributions.