INTELLECTUAL PROPERTY RIGHTS

Intellectual Property Rights (IPR) refer to the legal protections granted to individuals and organizations for their creations, inventions, and intellectual works. These rights enable creators to control the use of their ideas and innovations, ensuring they are recognized and compensated for their efforts. IPR encompasses various types, including copyrights, trademarks, patents, and trade secrets. Copyrights protect artistic works, patents safeguard inventions, trademarks distinguish goods and services, and trade secrets preserve confidential business information. By enforcing these rights, the legal system encourages innovation, creativity, and economic growth while balancing the interests of creators, users, and the public.