Intellectual property refers to the creation of the artistic works including music and literature as well as discoveries, inventions, words, phrases, symbols, and designs. Intellectual property is divided into two categories: artistic inventions and creations, which refers to creations of the mind. Industrial property includes patents for inventions, trademarks, industrial designs, and geographical indicators.
Intellectual property law deals with the rules for securing and enforcing legal rights to these works. Protecting and individual property rights is a costly endeavor that can often take years of protracted litigation. Mediation is a cost-effective means to identify disputes, workout compromises, and resolve these issues before the parties have spent a tremendous amount of time, energy and money.