Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. Common types of IP include:
Patents (for inventions)
Trademarks (for brand identity)
Copyrights (for creative works like music, books, and films)
Trade Secrets (for confidential business information)
Protecting intellectual property ensures that creators and businesses have exclusive rights to their work, fostering innovation and economic growth. Without proper protection, your ideas could be stolen, copied, or exploited, leading to financial and reputational damage.
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