Intellectual property (IP) is a word which refers to a brand, invention, design or any other type of production that has legal rights over a person or corporation. Nearly all companies have some sort of IP, which might be a commercial asset.

Common IP types include:

Copyright – protects written or published works, including books, music, movies, web material and artworks.

Patents – protecting commercial inventions, such as a new commercial product or method.

Designs – safeguards designs like drawings or models of the computer.

Trademarks – it protects your signs, symbols, logos, phrases or sounds from those of your rivals.