Chapter 6 defines intellectual property (IP) as creations of the mind, such as inventions, literary and artistic works, and branding elements, protected by law to provide recognition and financial benefits to creators. It also outlines various types of IP, including patents, trademarks, copyrights, and trade secrets, detailing how to obtain them and the costs involved in protection. Furthermore, it discusses best practices for protecting IP, the challenges faced, and the role of contracts in managing IP rights.