Final answer:
A copyright, granted by the federal government, gives the owner the exclusive right to reproduce and sell an artistic or published work. The legal life of a copyright is the life of the creator plus 70 years.
Step-by-step explanation:
A copyright, according to the U.S. Copyright Office, is a form of protection provided by the laws of the United States for original works of authorship, including literary, dramatic, musical, architectural, cartographic, choreographic, pantomimic, pictorial, graphic, sculptural, and audiovisual creations. No one can reproduce, display, or perform a copyrighted work without the author's permission. Copyright protection ordinarily lasts for the life of the author plus 70 years.
In this case, the type of intellectual property right described is a copyright. It is granted by the federal government and it gives the owner the exclusive right to reproduce and sell an artistic or published work. The cost of acquiring and defending a copyright is determined by the individual's specific circumstances and legal representation.