Intellectual Property Rights (IPR) refer to the legal protections granted to creators and inventors for their original works. This includes inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IPR aims to encourage innovation by ensuring that creators can benefit from their creations without the fear of unauthorized use. There are several types of IPR, including patents, trademarks, copyrights, and trade secrets. Each type serves a different purpose; for example, patents protect inventions, while copyrights safeguard artistic works. By enforcing these rights, IPR helps maintain a balance between the interests of creators and the public.