Intellectual Property Rights (IPR) are legal rights granted to creators and inventors to protect their intellectual creations, such as inventions, literary and artistic works, and symbols. IPR includes forms like patents, trademarks, copyrights, industrial designs, and trade secrets, providing exclusive rights for a limited time. These rights foster innovation by balancing benefits to creators with public interest and encouraging economic growth. Effective IPR protection supports research, development, and fair competition across industries.
- Teacher: Maheswari V