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.

IP is protected by law, allowing creators to earn recognition and financial benefits from their innovations and creations. Types of IP include patents, trademarks, copyrights, and trade secrets. Patents protect inventions, trademarks protect brand identities, copyrights protect original works, and trade secrets protect confidential information. IP rights encourage innovation, creativity, and entrepreneurship, driving economic growth and development. By safeguarding IP, creators can control how their work is used, shared, and distributed, ensuring they receive fair compensation for their efforts.

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