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Rights related to intangible property which are owned by a person or company and protection which are provided against the use of these rights without consent, these are called  intellectual property rights (IPRs). The objective to introduce these rights is to ensure protection to such intellectual property by allowing creators to gain benefits from their trademarks, patents or copyrights works.   Nature of the Intellectual Property- Intellectual Property (IP) could be understood as the intangible property which comes into existence through one’s intellect, it includes inventions, designs, literary or artistic works, symbols, etc. For further information on the subject of intellectual rights, it is advised that you seek proper legal guidance from an experienced ip attorney . Legal Protection of intellectual rights- Legal protection would be ensured to intellectual rights- In order to encourage inventions and hold conventions in order to promote social, economic, scientifi...