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Industrial property refers to the category of intellectual property that includes patents, trademarks, industrial designs, and geographical indications of source. It protects innovations, technical solutions, and unique designs that businesses develop for products and services. The primary goal of industrial property rights is to safeguard inventors and companies by giving them exclusive rights to use their innovations or brands, thereby promoting creativity and industrial growth. These rights play a crucial role in fostering competition and driving economic development across industries worldwide.