Intellectual Property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. These creations have commercial value and are protected by law through patents, copyrights, trademarks, and trade secrets. IP rights give creators exclusive control over the use of their creations, encouraging innovation and investment by allowing them to benefit financially from their work. Protecting IP is essential in the digital age, where copying and distributing original content is easier than ever.