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What are intellectual property rights?

Intellectual property (IP) encompasses creations of the mind, such as inventions, literary and artistic works, designs, and symbols, along with brand names, logos, and other identificatory items for businesses.

Intellectual property rights (IPRs) contribute to safeguard the work of inventors, artists, and businesses. By protecting these creations, IPRs ensure that creators and businesses can reap the benefits of their work and innovation. This protection is intended to stimulate creativity, foster economic growth, and promote fair competition.