Intellectual property is an intangible property which refers to creation of mind for which exclusive rights are recognized. Common types of intellectual property include trademark, patent, industrial design and copyright. A trademark is a symbol, word, or words legally registered or established by use as representing a company or product. A patent is a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention. Industrial Design is the use of both applied art and applied science to improve the aesthetics, functionality or usability of a product. Copyright is an exclusive and assignable legal right, given to the originator, for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material.