What is Intellectual Property (IP)?

(WIPO Publication)

Intellectual Property (IP) refers to creations of the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce. It provides legal rights to creators and innovators, protecting their work from unauthorized use while fostering innovation and economic growth.

Main Types of Intellectual Property:

• Patents – Protect inventions and grant exclusive rights to the inventor for a specific period.
• Trademarks – Distinguish goods or services through unique symbols, names, or logos.
• Copyrights – Protect artistic, literary, and musical works from unauthorized reproduction.
• Industrial Designs – Safeguard the visual appearance of products.
• Trade Secrets – Protect confidential business information that provides a competitive edge.

This WIPO report guides you with basic knowledge about intellectual property and its importance in the modern world. Please read to understand how IP protects innovations, supports business growth, and drives global economic development.