IP Rights

Intellectual Property (IP) rights are legal protections for creations of the mind, such as inventions, designs, trademarks, and artistic works. They give creators and businesses exclusive control over how their creations are used, sold, or reproduced, usually for a limited time. This encourages innovation by ensuring creators can benefit financially from their efforts. Examples include patents for new inventions, copyrights for art and literature, and trademarks for brand names or logos. IP rights help balance encouraging creativity with public access, fostering progress and economic growth while protecting the interests of creators.