Intellectual property (IP) is made up of ideas, knowledge, and information.
Intellectual property rights (IPR) are legal protections for the people who own IP. IPR can be broken down into the main groups. Patents, copy rights, trademarks, and trade secrets are some of these things.
A patent gives you the right to build, sell, and use your invention without anyone else being able to do so (and prevent others from doing so).
A trademark can be any word, phrase, symbol, design, or combination of these things that helps people recognise your goods or services.
Original works of art, like paintings, photographs, musical compositions, sound recordings, computer programmes, books, blog posts, movies, architectural works, and plays, are protected by copyrights. Some things are not "creative," like titles, names, short phrases, slogans, familiar symbols or designs, lettering or colouring, and simple lists of ingredients or contents.
Even though businesses have a lot of information that shouldn't be shared, not everything is a trade secret. A trade secret is usually something that most people don't know about, where reasonable efforts are made to keep it secret, and where the fact that another party doesn't know about it gives the person who knows it some kind of economic value.