The phrase “Intellectual property” (IP) is a term that refers to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized. Under Intellectual Property Law, creators are granted certain exclusive rights over a variety of intangible assets. For example, musical, literary, and artistic works; inventions; distinctive words, phrases, symbols, and designs are protected under one or multiple intellectual property right.

IP is divided into two categories:  Industrial Property and Copyright. Industrial Property consists of another subset of rights which are Patents, Trademarks, Geographic Indications, and Industrial Designs. Copyright protects the cultural, artistic and scientific expressions of creativity including literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.