Intellectual property refers to creations of the mind for which a monopoly is assigned to designated owners by law. It can hold great commercial value and a unique representation. It can be anything like a novel, script, movie, inventions, art etc which is an output of intellect based skills. Under Intellectual Property Protection the owner’s rights are safeguarded over his creation and he can take legal action in a court of law in case of any infringement of his ownership.
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