Intellectual Property (IP) refers to that category of property, which includes intangible creations of the human intellect. It fundamentally encompasses trademarks, patents, copyrights, and industrial designs. And if we talk about Intellectual Property Rights (IPRs), then these refer to the exclusive rights provided to owners over the unique creations of their minds for a specific slot of time. The people with these rights enjoy exceptional profits over the particular product that stands on the terms set by the Intellectual Property Law. Indeed, these rights work as economic incentives to encourage producers and creators to come up with more creations. ✅ For view source: https://bit.ly/36wFnSU