INTELLECTUAL PROPERTY RIGHTS
The Intellectual Property Rights are rights endowed upon the creators for their new, innovative and unique creations of their minds. Intellectual property is an intangible property or proprietary asset, which applies to any product of the human intellect that has commercial value. These rights are largely covered by the laws governing Patents, Trademarks, Copyright and Designs. These various laws protect the holder of IP rights from third party encroachment of these rights. It also allows them to exercise various exclusive rights over their intellectual property.