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Intellectual property (IP) refers to creations of the mind, such as inventions, designs, brand names, artistic works, and even symbols or logos. It’s the legal way to protect your ideas and innovations, giving you the right to own and control how they're used. Think of it like owning a piece of land—except here, you're protecting something intangible, like your original music or a product you’ve invented. By having IP rights, you can prevent others from copying or using your work without permission.