WHAT IS INTELLECTUAL PROPERTY RIGHTS?

Intellectual Property Rights (IPR) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. 

IPR is protected in law by, for example, patents, trademarks and copyright, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster and environment in which creativity and innovation can flourish.