Intellectual Property (IP) refers to creations of the intellect for which a monopoly is
assigned to designated owners by law. Intellectual Property Rights (IPRs) are the
protections granted to the creators of IP, and include Trademarks, Copyright, Patents,
Industrial Design Rights, and in some jurisdictions trade secrets. Artistic works
including music and literature, as well as discoveries, inventions, words, phrases,
symbols, and designs can all be protected as intellectual property.