Intellectual Property Rights (IPRs) are legal rights governing the use of creations of thehuman mind. The recognition and protection of these rightsis of recentorigin Patents, designs and trademarks are considered as industrial property. As per International Convention forth eprotection of industrial property (ParisConvention) the protection of industrial property has as its object patents. utilitymodels, industrial designs, trade marks, service marks, trade names, indications ofsource or appellations or origin, and the repression of unfair competition (Art 1(2) of Pans Convention,1967) when copyrights,Geographical indicators,layout Designs and confidential information were included to industrial property, they all become intellectual property. The mundane object of IPRS, generally, is to exclude third parties from exploiting protected subject-matter without explicit authorization of the right holder, for a certain duration of time Intellectual property rights help creative and inventive activity of orderly marketing of proprietary goods and services.