Description: Intellectual Property Rights (IPR) refer to the legal protections granted to creators and innovators for their original works, inventions, designs, symbols, or artistic creations. These rights encourage creativity, innovation, and fair competition by ensuring that creators can control the use of their work. Key forms of IPR include patents, copyrights, trademarks, geographical indications, and trade secrets.
The principles of IPR focus on originality, ownership, exclusivity, and protection.
Practices involve filing applications, maintaining documentation, ensuring compliance, and enforcing rights against infringement. IPR plays a vital role in promoting economic growth, technological progress, and safeguarding creative efforts.