Intellectual property (IP) is a term which refers to creations of the mind. An intellectual property right (IPR) is the term referring to the legal property rights used to protect intellectual property, and the corresponding fields of law. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; ideas, discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets.
The majority of intellectual property rights provide creators of original works economic incentive to develop and share ideas through a form of temporary monopoly. While credited with significant contributions to modern economic growth, some have criticised the expansion in nature and scope of IP laws.
On our sites, an IP statement, privacy statement, terms and conditions and disclaimer can be added to the final design of your site and can be edited at any start to show changes that have occurred on your site.