Intellectual Property
Intellectual property (also known as IP) refers to the products or abstract properties, which are mainly used in used in commerce or commercial purposes, that came about by the creation of the mind. Examples of intellectual properties are inventions, musical and literary works, and architectural designs. The creator of an abstract property has a certain exclusive right to his/her work that is protected under the intellectual property rights. The extent of such right varies from country to county and regions. However, recent global efforts were introduced to unify differences and to speed up the development and scope of intellectual asset creation, commercialisation and protection.
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