Intellectual property refers to rights in creations of the human mind which arise under laws of patents, copyrights, trademarks, trade secrets, and related laws. These rights protect literary, artistic, scientific works, performances, inventions, discoveries, industrial designs, trademarks, commercial names, unfair competition, and other intellectual activities. Intellectual property rights assign property rights through patents, copyrights, trademarks, industrial designs, and geographical indicators which allow the holder to exercise a monopoly on the use of the item for a specified period. Copyright protects original works of authorship, and only the author can make copies, distribute, publicly perform or display, and make derivative works of their copyrighted work. A patent grants an exclusive right for