Intellectual property comprises the intangible, yet valuable tools, products, processes, ideas, and creations of an individual or company that give the individual or company a competitive edge in business. It includes logos, company names, artwork, advertising, brochures, websites, trade secrets, inventions, machines, processes, and devices.Copyrights, patents, and trademarks are all types of intellectual property. While each has its own rules and applications, they sometimes overlap so that more than one could apply to the same article or service, although in practice usually only one type of protection is granted.