Certain rights over tangible objects are granted by property, including the freedom to possess and utilize an item as one pleases. A collection of exclusive rights is another component of intellectual property. These rights, however, are only applicable to mental productions rather than material objects like cars.
We define “intellectual productions” as creative and intangible services like an invention, a piece of software, a story, or a musical composition. Trademarks and geographical indications are examples of distinguishing signs that fall under the category of intellectual property.