Intellectual Property (IP) refers to creations of the human mind that have commercial or moral value.
- These include inventions, literary and artistic works, software, designs, symbols, brand names, and trade secrets.
- Intellectual Property rights allow creators or owners to legally protect their original work and control how it is used.
In the context of Information Technology, IP is especially important for protecting software code, algorithms, digital designs, websites, mobile apps, and technological innovations.
The main types of Intellectual Property include:
- Copyright
- Patents
- Trademarks
- Trade secrets
Protecting IP ensures fair compensation, encourages innovation, and prevents unauthorized use or plagiarism. It also upholds ethical standards by respecting the rights of creators and inventors.
