Meaning of Intellectual Property Rights (IPR)

All the rights linked with intangible assets possessed by an individual or business to safeguard such assets against unlawful use or exploitation are called Intellectual Property Rights. Such rights are granted to the creators of intellectual property so that their creations cannot be used by others without their permission. These include:

1. Right to reproduce such work
2. Right to sell such work
3. Right to create other forms of such work, etc.

Intellectual Property Rights are used to convey the monopoly of the holder over the usage of the specified property or items for a definite time period. Any violation of these rights attracts severe penalties.

Intellectual Property Rights or IPR refers to the legal rights that creators or owners have over their intellectual properties.

Intellectual Property, sometimes known as IP, refers to the creations of the human mind, exclusive to a single person. Intellectual Property includes inventions, literature and artistic masterpieces, designs, emblems, titles, and pictures utilized in commerce and business. Such creations are prone to plagiarism or copying, Intellectual Property Rights protect them from unauthorized production, distribution, and display.