What is intellectual property ?

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. There are different types of intellectual property and all are protected by law such as; Patents, copyrights, trademarks, domain names, tradesecrets etc… Each type of intellectual property provides its owner with certain rights which can be enforced. of right provides the owner with people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.