IP … Intellectual Property … is the general term used to refer to ‘creations of the mind’, such as inventions, creative works, names and symbols, etc.
IP can be protected by law, including by Patent, Design and Trade Mark law.
IP laws seek to strike a balance between allowing people to earn recognition and financial benefit for the creation of these ides, and, the wider public interest in benefiting from such innovations
Why should I protect my IP?
Protecting your IP, by filing Patents, Designs, or Trade Marks, enables you to prevent your competitors from copying your ideas.
This may also assist in providing a defensive mechanism against an infringement claim from others.
IP rights can also attract or cement funding opportunities from investors, and, is often a criteria for you to obtain government grants.