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Intellectual property rights (IPR) refer to the legal rights given to individuals or organizations over the creation of their minds, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce.
To simplify, imagine you’ve spent time and effort creating something unique like an invention, a book, a song, a design, or even a brand name. Intellectual property rights are like protective shields – they ensure that people can’t steal or copy your creation without your permission. They recognize your right to benefit from your hard work and encourage more innovation and creativity.