Intellectual Property includes which of the following?

Intellectual Property includes a broad range of legal rights that protect creations and inventions of the mind. Trade secrets, patents, and trademarks are all foundational elements of intellectual property law.

Trade secrets protect confidential business information that provides a competitive edge, such as formulas, practices, or processes. Patents grant exclusive rights to inventors for their inventions, preventing others from making, using, or selling the patented invention without permission. Trademarks protect brand identifiers, such as logos and brand names, ensuring that consumers can identify the source of goods or services.

This combination of protections fosters innovation and creativity by allowing creators and businesses to maintain control over their intellectual property, deter others from unauthorized use, and incentivize investment in research and development.