Intellectual 

assets (IP) relates to any unique introduction of the human mind which includes artistic,

literary, technical, or clinical introduction. Intellectual assets rights (IPR) refers back to the felony rights
given to the inventor or writer to guard his invention or introduction for a sure length of time.[1]
These felony rights confer an one of a kind proper to the inventor/writer or his assignee
to completely make use of his invention/introduction for a given length of time. It could be
very nicely settled that IP play a essential function withinside the present day economy. It
has additionally been conclusively set up that the highbrow exertions related to the innovation need
to accept due significance in order that public exact emanates from it. There has been a
quantum leap in studies and development (R&D) expenses with an related leap in investments
required for placing a brand new era withinside the marketplace place.