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This lecture provides an introduction to intellectual property (IP) for EPFL Microtechnology Master students, covering topics such as the importance of IP, types of IP, patents, trademarks, and design rights. The instructor, Dr. Christian Schott, discusses real-world examples, including a case study involving Melexis, a company specializing in sensor technologies. The lecture also delves into the value of patents, the patent application process, and the significance of novelty and prior art in patenting. Through exercises and discussions, students explore the practical aspects of IP protection and the strategic considerations involved in patenting.