Intellectual Property Rights (IPR) are the special rights given to an individual for the innovative creations of their imaginations. Exclusive rights are given for one’s creation to their respective creator for a specific period. These rights are aimed to safeguard the creativity of the intellect such as the products appearance, inventions, artistic, literary, signs, and scientific works among other individuals.
Without Intellectual Property Rights (IPR), it is not possible to reap all benefits of one’s inventions which may lead to less development and research killing one’s passion. Hence, IPR is important to encourage innovations and ideas for the betterment of the world.