This document discusses intellectual property and copyright. It defines intellectual property as creations of the mind like inventions, artistic works, symbols and designs. Copyright is described as the rights of owners over literary and artistic works and lasts for the lifetime of the creator plus 50-70 years depending on the type of work. Fair use allows for conditional use of copyrighted works and depends on factors like the purpose, nature, amount of the work used, and its effect on the original.