Intellectual Property Rights (IP

Explanation: Intellectual Property Rights are legal rights granted to creators and owners of works resulting from  human intellectual creativity . These rights essentially protect  commercially valuable ideas and creations  such as inventions, literary works, brand names, designs, and trade secrets by giving the creator exclusive control over their use and exploitation. The commercial dimension is central because IPR incentivises innovation by allowing creators to  monetise their intellectual effort  through licensing, assignment, or direct exploitation. WIPO defines intellectual property as "creations of the mind" that are economically exploitable. Without the promise of commercial benefit through legal protection, creators would have little incentive to invest time and resources in innovation.