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IPR stands for Intellectual Property Rights.

In any business Intellectual Property is most important asset. It is a bundle of rights provided by law to create a monopoly in favour of right holder.

IPR includes : Trade Mark (what is also known as Brand), Copyrights, Patent (which includes innovation/invention), Design (in form of aesthetic feature of any article). IPR also includes plant varieties, Geographical Indications and Semi-conductor circuit designs.

There is no straight jacket formula for protecting IPR for each and every business. A strategy can be suitable for one kind of business, while for other a different approach may be beneficial. It is necessary to plan an IPR strategy for our businesses at an early stage. It is never too late,there is still time to plan it now. It is always good to do a forward planning.

In this group let us discuss the importance of IP Rights and possible strategy for protecting IPR in businesses.

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