Intellectual property (IP) refers to legal rights that protect creations of the mind, such as inventions,

artistic works, literary pieces, and symbols. There are several forms of IP, including patents (for
inventions and innovations), copyrights (for literary and artistic works), trademarks (for symbols and
branding), and trade secrets (confidential business information). These rights provide creators and
owners with exclusive control over their creations, allowing them to benefit from their innovation and
creativity while preventing others from using or copying their intellectual assets without permission. IP
plays a crucial role in fostering innovation and creativity in various industries and is governed by national
and international laws.