Intellectual Property refers to the legal rights that protect creations of the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce. This skill encompasses understanding the various types of intellectual property rights, such as patents, copyrights, trademarks, and trade secrets, which enable individuals and organizations to safeguard their innovations and brand identity. Knowledge of Intellectual Property is used to navigate legal frameworks, enforce rights, and manage the commercialization of creative works, ensuring that creators receive recognition and financial benefits from their contributions.