Step 1: Grasping Intellectual Property (IP) Rights.
IP rights safeguard mental creations, encompassing inventions, designs, and artistic outputs.
Step 2: Analyzing Each Choice.
- Choice (1) Copyright: Copyright safeguards original creative works like literature, music, and art, excluding inventions.- Choice (2) Patent: A patent confers rights for inventions, such as novel technologies or methods, granting the inventor sole usage rights.- Choice (3) Trademark: Trademarks protect brand identifiers, logos, and distinct symbols, not inventions.- Choice (4) Licensing: Licensing is the authorization to use IP, not an IP right itself.
Step 3: Determination.
A patent is the appropriate IP right for inventions.
Final Answer: \[\boxed{\text{A Patent is the intellectual property right conferred for inventions.}}\]