It is a term referring to a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under The Term law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions. Although many of the legal principles governing It have evolved over centuries, it was not until the 19th century that the term began to be used, and not until the late 20th century that it became commonplace in the United States. What Is Term In Discussion ?
Ans:IP or Intellectual Property