Lexeme: intellectual property right  
Very Rare (0.01)
Definition:
  1. noun. Intellectual property rights refer to the legal rights granted to individuals or organizations to protect their creations or inventions. These rights cover a wide range of intangible assets, including inventions, art, music, literature, trademarks, trade secrets, and designs. The purpose of intellectual property rights is to incentivize innovation, creativity, and economic competition while providing authors and inventors with exclusive rights to use, sell, or license their works. These rights are typically protected through copyright, patents, trademarks, and trade secret laws. GPT3.5
Word Forms:
  • noun. intellectual property right (singular), intellectual property rights (plural)
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