The purpose of the Intellectual Property Rights is to provide a framework to identify, manage and support the Intellectual Property Rights of a person or institution. Intellectual property rights include patents (A Patent is an exclusive right granted for an invention), copyright, industrial design rights, trademarks, plant variety rights, trade dress, geographical indications, and in some jurisdictions trade secrets. The protection of Intellectual Property Rights is important for the economy and for its further growth in areas such as research, innovation and employment. Effective IPR enforcement is also essential to health and safety. For these reasons, IP rights are worth protecting, both domestically and internationally. The intellectual property has a very important role both in economic and social development of mankind.