“Intellectual Property Rights” is a term used to describe the ownership of intellectual property. Intellectual property refers to mind-made works requiring imagination, talent, labour, and investment, such as musical, literary, and creative works, inventions, symbols, titles, photographs, and designs used in trade, as well as copyright protection. Patents, copyright, trademarks, designs, and geographical markings are also examples of intellectual property rights. Intellectual property is intangible or incorporeal property, which means that it has no visible presence and only resides in the eyes of the rule. Inventors and developers are encouraged and inspired to use their artistic creations for commercial purposes through intellectual property rights. for the greater good of humanity It gives the producer exclusive ownership of artistic and imaginative work.
The majority of intellectual property protection is provided in the form of exclusive rights over a set period of time. Exclusive rights are those that the owners of an intellectual property right may exercise to the exclusion of others. Following that, the inventions and creations are made publicly accessible to the general public. Each kind of intellectual property has a different kind of protection and a different term of protection. In today's knowledge-based economy, intellectual property has become extremely valuable. Since 2005, Indian citizens' perception of intellectual property has risen sharply. Intellectual property is an essential aspect of the activities and planning of technology and knowledge-based businesses. As many fields, ranging from entertainment to information and technology cyberspace, are now intertwined with emerging technology, intellectual property has become increasingly important. As a result, more affirmative defence laws are needed to provide sufficient legal protection and redress against those who infringe on intellectual property rights in cyberspace.