Intellectual property (IP) protects the intangible or intellectual nature of a work and is the legal rights that result from intellectual activity in the industrial, scientific, literary and artistic fields. For example, copyright protects many types of works and only the copyright owner has the right to reproduce an entire work or a substantial part of it. Intellectual property (IP) includes:
- Patents (inventions)
- Trade-marks (logos, words, symbols)
- Industrial designs (“pretty” shapes or designs of useful items)
- Confidential information and trade secrets (ideas, concepts, facts)
- Integrated circuit topography (microchips)
The rights above are granted for intellectual creativity.