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Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, symbols, names, and designs. It is protected by law, granting exclusive rights to those who create and own it. These rights allow the owners to control how their intellectual property is used and to benefit economically from its commercial exploitation. Different types of intellectual property include patents, trademarks, copyrights, and trade secrets. Protecting intellectual property is vital for innovation, creativity, and the advancement of science and technology.
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