Intellectual Property Rights (IPR) are about creations of mind which are new and original in the global context and are granted to creators of intellectual property by governments.
In our day to day life we come across different types of IP such as new products, medicines,books, paintings, songs, dresses, motor bikes, interesting logo or slogans for companies, laptops, varieties of flowers, vegetables and fruits.
The term “Patent” has originated from Latin word “patere” meaning “to lay open”.