Intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce. Intellectual property rights are like any other property right. They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. There are various reasons for promoting and protecting the IPR
Intellectual Property Rights try to balance the rights of the creator, producer and distributor with those of the public interest.