What are intellectual property rights?
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Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
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- Intellectual property rights refers to the general term for the assignment of property rights through patents, copyrights and trademarks.
- These property rights allow the holder to exercise a monopoly on the use of the item for a specified period.
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