Intellectual property (IP) refers to creations of the mind, consisting of inventions; literary and creative works, designs and symbols, names and photos utilized in commerce.

IP is covered in regulation by, for example, patents, copyright and trademarks, which allow human beings to earn popularity or monetary advantage from what they devise or create. By placing the proper stability among the pastimes of innovators and the broader public interest, the IP device targets to foster surroundings wherein creativity and innovation can flourish.