Which of the following is NOT a type of intellectual property?1 pointPatentsCopyrightsContractsTrademarks

The option that is NOT a type of intellectual property is "Contracts". Intellectual property refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. It is divided mainly into two categories: Industrial property, which includes patents (inventions), trademarks, industrial designs, and geographic indications of source; and Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Contracts, however, are agreements entered into by two or more parties with the intention of creating a legal obligation and are not considered intellectual property.