Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
Related terms
Copyright: This is a legal term used to describe the rights that creators have over their literary and artistic works.
Patent: A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Trademark: A symbol, word, or words legally registered or established by use as representing a company or product.