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Answer Posted / nadim ahmad
Intellectual property (IP) rights are the rights awarded by
society to individuals or organisations
principally over creative works: inventions, literary and
artistic works, and symbols, names,
images, and designs used in commerce. They give the creator
the right to prevent others from
making unauthorised use of their property for a limited
period. IP is categorised as Industrial
Property (functional commercial innovations), and Artistic
and Literary Property (cultural
creations). Current technological developments are blurring,
to some extent, this distinction, and
some hybrid sui generis systems are emerging.
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