Intellectual Property

Intellectual property (IP) rights are legally recognized exclusive rights to creations of the mind. Intellectual property laws grant owners certain exclusive rights to a variety of intangible cognitive assets, such as musical, literary, and artistic works; novel and not obvious discoveries and inventions; and phrases, emblems, logos, words, symbols, and designs. Normal varieties of rights and assets related to intellectual property include patents for new discoveries and inventions, trademarks, copyrights for intangible cognitive assets, trade dress for packaging and ornamentation, and trade secrets for confidential industrial assets.