Intellectual Property

According to the World Intellectual Property Organization (WIPO), intellectual property (IP) refers to “creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce.” Intellectual property is protected by law through, for example, patens, copyrights and trademarks, allowing people to obtain recognition or economic benefits for what they invent or create.

Intellectual property is divided into two categories:

  • Industrial property: includes patents for inventions, registered trademarks, industrial designs and geographical indications.
  • Copyright: includes literary works (such as novels, poems and works), films, music, artistic works (drawings, painting, photographs and sculptures), computer programs and architectural design.

What are intellectual property rights?