What do "intellectual property rights" grant to creators?

Intellectual property rights are designed to protect the creations of individuals and organizations by granting them exclusive legal rights over their inventions, designs, and artistic works. This means that these creators can control how their works are used or reproduced, preventing unauthorized use by others. By securing these rights, creators can ensure that they receive recognition and potential financial benefits from their innovations, which encourages further creativity and innovation.

The other options do not accurately represent the essence of intellectual property rights. For instance, the permission to use patented technologies without restrictions does not align with the purpose of intellectual property, which is to provide protection and exclusivity rather than permission without limits. Similarly, transferring ownership of a physical product pertains more to property rights rather than intellectual property rights. Access to government funding for innovation is also unrelated to the concept of intellectual property protection. Each of these elements highlights different aspects of business and legal frameworks but misses the central role that intellectual property rights play in supporting and protecting creativity and innovation.