Intellectual Property Rights

Abstract

The world “Intellectual Property” has gained currency in recent times throughout the world, including India. Intellectual property right is a legal right. It can be owned by a person who has produced it by his own strives with his labour, skill, judgement and mind. It is vital economic development of the country. Money, muscles and mind are ingredient of power but mind as represented by the intellectual property wild enormous power. It includes trademarks, designs and copyrights. The owner of this property has certain exclusive right to know by law to control to what is done with his property. The purpose of intellectual property right is to give protection against vital enterprise. The owner has a right to know what is done with the product of human mind, labour, skill and efforts. IPRs protects the authors and publishers from piracy. Library professionals are completely agree with this legal protection that creators of intellectual property should paid for it.