This document discusses intellectual property rights (IPR). It defines intellectual property as creations of the mind that are given exclusive legal rights, including artistic works, discoveries, inventions, words and symbols. Intellectual property rights protect categories like copyrights, patents, and trademarks. Patents protect inventions and are granted for utility/product patents, plant patents, and design patents. Copyright protects original creative works. Trade secrets protect confidential business information. Trademarks protect brands and company symbols. The World Intellectual Property Organization monitors intellectual property globally.