Intellectual Property Rights
Intellectual property rights are a bundle of exclusive rights over creations of the mind, both commercial and artistic. The former is covered by copyright laws, which protect creative works, such as books, paintings, movies, music, photographs, and software, and give the copyright holder exclusive right to control reproduction or adaptation of such works for a certain period of time.
Intellectual property law protects the intellectual creations of the mind both commercial and artistic from being stolen and exploited commercially. Such intellectual creations can include inventions, literary, trademarks, industrial designs and artistic works. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works, ideas, discoveries and inventions and words, phrases, symbols, and designs.