Intellectual property (IP) rights protect creations of the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce. These rights grant creators exclusive control over the use, reproduction, and distribution of their intellectual assets. IP rights include patents, copyrights, trademarks, and trade secrets, each serving to safeguard different types of innovations and creative outputs. By securing these rights, individuals and businesses can prevent unauthorized use, ensure fair compensation, and maintain a competitive edge. Effective management of IP rights is crucial for fostering innovation, protecting brand identity, and maximizing the value of creative and technological investments.
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