Intellectual Property (IP) is a legal term that refers to products of the mind.
Intellectual property laws grant intellectual property owners a set of exclusive rights. The law views intellectual property rights as a form of property, commonly referred to as intangible property. The most common types of intellectual property rights are copyrights, patents, trademarks, and trade secrets.
Examples of works that can have intellectual property rights include music, literature, artistic works, discoveries, inventions, words, phrases, symbols, and designs.