Intellectual Property Rights (IPR)

Intellectual Property Rights (IPR) are legal protections for creations of the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce. They grant creators exclusive rights to use and profit from their work, helping to promote innovation and creativity. Common types of IPR include patents (for inventions), copyrights (for creative works), trademarks (for brands), and trade secrets (for confidential business information). IPR ensures that creators can control how their work is used, preventing unauthorized use and encouraging investment in new ideas and artistic expression.