What is Intellectual Property?
Intellectual property refers to the non-tangible creations and ideas of human mind, artistic and literary and names, symbols, designs and images used in commerce. Intellectual property is basically divided in two categories namely:
Industrial property: it includes 
patents (inventions), industrial designs, trademarks and geographical indications of sources.
Copyright: it includes artistic and literary works like novels, plays, poems, films, musical works, drawing, painting, sculptures, architectural designs and photographs.
It is important to safeguard your intellectual property. The creator has the monopoly over his creations which enable him to enjoy its benefits. Right on the intellectual property can be protected by:
- Patents on the innovation
- Trademarks on branding practices
- Copyrights on videos, music, patterns, and all literary work
- Trade secrets for the formula of economic value or have commercial significance.