• Que.

    what is intellectual property


    Intellectual property (IP) encompasses products of the intellect, including inventions, literary and artistic compositions, designs, symbols, names, and images utilized in commercial activities.Intellectual property is protected by law through patents, copyrights, trademarks, and trade secrets, which enable individuals and organizations to control the use of their creations or inventions for a certain period. These legal protections encourage innovation and creativity by providing creators with exclusive rights to their creations, fostering a system where they can benefit financially from their intellectual efforts. Intellectual property plays a crucial role in promoting economic growth, technological advancement, and cultural development by striking a balance between rewarding creators and providing the public with access to new ideas and expressions.

    Dec 30 2024

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