Final answer:
Intellectual property is the term that collectively refers to industrial property and copyrighted works. It includes patents, trademarks, copyrights, and trade secret laws that protect intangible creations.
Step-by-step explanation:
The term that collectively refers to industrial property and copyrighted works is intellectual property. Intellectual property encompasses patents, trademarks, copyrights, and trade secret laws that protect the ownership of ideas, concepts, and images. This term implies ownership over intangible creations rather than physical property.
For example, a patent can protect an inventor's new invention, while a copyright can safeguard an author's original written work. Intellectual property laws vary across countries, but negotiations are underway to harmonize these laws and ensure global respect for patents and copyrights.