Intellectual Property (IP) refers to creations of the mind that are legally protected to ensure exclusive rights for their owners. Intellectual Property Rights (IPRs) safeguard innovations and creative works, covering trademarks, copyrights, patents, industrial designs, and, in some jurisdictions, trade secrets. These protections apply to artistic works such as music and literature, as well as inventions, discoveries, symbols, logos, and designs, helping businesses and individuals secure and enforce their intellectual assets.