what is intellectual property ?

Intellectual property - IP: Refers to the legal rights that protect creations of the mind, such as inventions, literary and artistic works, symbols, names, images, and designs. The four main types of intellectual property are patents, trademarks, copyrights, and trade secrets. These rights are intended to encourage innovation and creativity by allowing creators/innovators and inventors to control and benefit from the use of their work. By granting exclusive rights, intellectual property laws incentivize creators to invest time and resources in developing new ideas and creations, which can contribute to economic growth and progress. If you would like to learn more about intellectual property you can check out our article: Four Types of IP your Startup Must protect.