Intellectual Property Rights

Intellectual Property Rights (IPRs) are rights to make, use, and sell anew product or technology that are granted, usually for a period of 17-20years, solely to the inventor or the corporation which files a claim on theinventor's behalf. They generally take the form of patents, trademarks, orcopyrights and have traditionally fallen under the domain of national law.Different countries have produced different IPR laws, each one a balancebetween industry's desire to capitalize on its investments in technologicaldevelopment and the rights of society to benefit from the knowledge andresources of its country.