2. Definition:
• Intellectual Property Rights (IPR) refer to the legal rights granted to
individuals or entities for their creations or inventions that are the result of
their intellectual or creative efforts.
3. Advantage:
• Intellectual property rights provide protection for intangible assets
• It protect innovation giving by creators and inventors
• Intellectual property rights provide allowance to use, sell, and control the
use of their intellectual creations.
4. Purpose:
• The purpose of intellectual property rights is to protect innovation and
creativity providing by creators and inventors for a limited period, allowing
them to get financial benefit from their work.
5. Purpose:
• Copyright: This protects original works of authorship, such as books, music,
art, and software.
• Patents: patents gives exclusive rights to inventors for their new and useful
inventions, preventing others from making, using, or selling the patented
invention without permission.
• Trademarks: These protect symbols, names, and slogans that identify and
distinguish goods and services in the marketplace.
6. Categories:
• Trade Secrets: These are confidential business information, such
as manufacturing processes, formulas, and customer lists, which
provide a competitive advantage.
• Industrial Designs: These protect the visual design of objects,
such as the shape or surface ornamentation of a product.
