Intellectual property rights protect creations of the human mind and include copyrights, trademarks, patents, trade secrets, industrial designs, plant variety rights, geographical indications, and utility models. Copyright protects original creative works, trademarks protect distinctive signs and logos, and patents protect inventions. Trade secrets, industrial designs, plant variety rights, geographical indications, and utility models also provide certain legal protections. Intellectual property rights encourage innovation by providing exclusive rights and financial incentives to creators, and also help businesses prevent unauthorized use of their intellectual property in the marketplace. However, balancing these protections with promoting the free exchange of ideas remains an ongoing debate.