Intellectual Property (IP)
Intellectual property is the collective term for rights to intellectual creations such as books, music, designs, inventions, software, texts and photographs. A single creation may be protected by multiple intellectual property rights at the same time.
Intellectual property rights protect the aspects that set your creation apart from the products offered by your competitors. As such, they offer a competitive advantage. The best-known intellectual property rights are trademark rights, copyrights and patent rights.
Some intellectual property rights must be registered, others arise automatically and are thus free.