as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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in one to two sentences explain how intellectual property is defined.
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intellectual property (ip) is an umbrella term for any creative or innovative idea, invention, product, or process that is protected under copyright law, patent law, or trademark law. it can provide creators and inventors the ability to benefit from their work.
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