MANAGEMENT

Detailed explanation-1: -Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

Detailed explanation-2: -Intellectual property is generally characterized as non-physical property that is the product of original thought.

Detailed explanation-3: -A patent is an intellectual property (IP) right for a technical invention. It allows you to prevent others from using your invention for commercial purposes for up to 20 years.

Detailed explanation-4: -Intellectual property (IP) is a term used to encompass a range of legal rights that protect the creations of the mind and creative effort. Patents, trademarks and registered designs are examples of IP, as is copyright. Copyright refers to the rights granted to the creators or copyright holders of original works.