IP (Intellectual Property)

Intellectual Property (IP) refers to the legal rights that protect creations of the mind, such as inventions, artistic works, symbols, names, and designs. It ensures that creators can control how their work is used and benefit financially from it. Common types of IP include copyrights (for artistic works), trademarks (for brand names and logos), and patents (for inventions). Protecting IP encourages innovation by giving creators the incentive to share their ideas, knowing they have rights to their work. In essence, IP is about safeguarding creativity and innovation in various fields.