Which term refers to the rights associated with ownership of intellectual property?

The term that refers to the rights associated with ownership of intellectual property is Intellectual Property Rights (IPRs). IPRs encompass the legal rights granted to individuals or organizations for their creative inventions and works, allowing them to control and benefit from their intellectual creations. These rights can include patents, copyrights, trademarks, and trade secrets, each serving to protect different types of intellectual property.

Intellectual property rights are essential for encouraging innovation and creativity, ensuring that creators can reap the financial benefits of their inventions without the fear of unauthorized use or replication. By establishing these rights, the law provides a framework for creators to protect their work and incentivizes ongoing investment in research and development.