IPR

Intellectual Property Rights (IPR) are legal protections for creations of the mind, such as inventions, designs, trademarks, and artistic works. They give creators exclusive rights to use, sell, or license their creations for a certain period, encouraging innovation and creativity. IPR helps prevent others from copying or stealing these ideas, ensuring creators can benefit financially and maintain control over their work. Examples include patents for inventions, copyrights for music and books, and trademarks for brands. Essentially, IPR balances the interests of creators and the public by promoting the development and sharing of new ideas while safeguarding original work.