What is intellectual property law?

Under intellectual property 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 of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets. Intellectual property law involves advising and assisting individuals and businesses on the development, use, and protection of intellectual property -- which includes ideas, artistic creations, engineering processes, scientific inventions, and more.