A REVIEW OF INTELLECTUAL PROPERTY RIGHTS

Intellectual property rights (IPR) have been noted as research ideas, inventions, innovative works, creative expressions based on which there is a public willingness to bestow the status of property. IPR shows certain exclusive rights to the researcher’s, scientific company’s, shareholders, inventors or creators of certain property, in order to enable them to reap commercial benefits from their creative efforts or reputation. There are several types of intellectual property protection like patent, copyright, trademark, trade secret, trade dress etc. Patent is a recognition for an invention, which satisfies the criteria of global novelty, non-obviousness, and industrial application. IPR is prerequisite for better identification, planning, commercialization, rendering, and thereby protection of invention or creativity. Each innovative works evolves its own IPR policies, management style, strategies, and so on depending on its area of specialty. currently pharma profession evolving IPR strategy requiring a better focus and approach in the future era. It was mainly published and governed by world trade organisation.

Keywords: intellectual property right, patent, copyrights, trademarks, trade secret, designs, utility models, bio diversity and IPR, geographical indications.