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In this video, the Copyright, Designs and Patents Act of 1988 is discussed, focusing on intellectual property (IP), which encompasses creations of the mind, including stories, inventions, artistic works, and symbols. The Act provides various protections against theft or copying of brand names, inventions, product designs, and other original works that contain intellectual property. Legal protections for IP include copyright, patents, licensing, and trademarks. Copyright grants creators rights over their work, while patents provide exclusive rights to inventors, allowing them to control the use of their inventions.