Intellectual Property Rights (IPR) - Introduction & Overview

Intellectual Property Rights (IPR) - Introduction & Overview

Intellectual Property Rights (IPR) encompass legal protections for creations of the mind, including inventions, literary and artistic works, designs, and symbols. These rights grant exclusive privileges to creators and innovators, fostering innovation and creativity while providing incentives for economic growth. IPR comprises various forms such as patents, copyrights, trademarks, and trade secrets, each offering distinct safeguards and durations. By safeguarding intellectual assets, IPR ensures creators reap rewards for their efforts, encourages investment in research and development, and promotes fair competition in global markets. Effective IPR management is vital for fostering innovation and driving socio-economic progress in diverse industries