Intellectual Property Rights (IPR): Intellectual property consists of products, work or processes that you have created and which give you a competitive advantage.
There are 3 subcategories: 1) Industrial property: inventions (patents), trademarks, industrial designs, new varieties of plants and geographic indications of origin. 2) Artistic work protected by copyright: original literary and artistic works, music, television broadcasting, software, databases, architectural designs, advertising creations and multimedia. 3) Commercial strategies: trade secrets, know-how, confidentiality agreements, or rapid production.”
Source: European Union portal