What is Intellectual Property, and Why is it Important for My Business? What is Intellectual Property, and Why is it Important for My Business? Table of Contents Introduction Types of Intellectual Property Importance of IP Protection Conclusion Introduction Definition of Intellectual Property (IP) Intellectual Property (IP) refers to a set of legal rights granted to individuals and businesses for their innovative ideas, inventions, and creative works. These rights serve to protect these assets from unauthorized use, fostering a culture of creativity and economic growth. Patents : Protect inventions and processes, granting exclusive usage rights for a defined p...