Intellectual property refers to creations of the mind like inventions, literary works, designs, and symbols. IP is protected by laws like patents, copyright, and trademarks which allow people to benefit financially from what they create. There are different types of intellectual property including industrial property like patents, designs, and trademarks, as well as non-industrial property like copyright. The document then discusses various types of intellectual property in more detail like patents, trademarks, copyright and their registration processes in India.