IEMS Journal of Management Research

Abstract

In today's world, a company's growth and success depend on protecting its intellectual property rights (IPR). At the point when an organization chooses to put straightforwardly in an outside country, safeguarding its IPR turns out to be significantly more basic. The laws and regulations that govern intellectual property rights (IPR) vary from nation to nation, and a lack of adequate protection can result in revenue, reputation, and market share losses. The protected innovation framework is a powerful device for abundance creation in information based, development driven economies since it offers motivations for organizations and people to make and enhance, a good climate for the development and trade of scholarly resources, and a solid venture climate for both country and foreign capital. The legal protections for the creations and works of knowledge, concepts, invention, technology, models, literary or creative works, etc. are known as intellectual property rights. Intellectual property is crucial to a growing number of businesses, including healthcare, the Internet, almost every research and technology field, literature, and the arts. To fully comprehend the significance of intellectual property in various fields, many of which are still in their infancy, extensive new research and study is frequently required. The new motors of the worldwide economy are advancement and inventiveness. Patents, copyright, and trademark rights are just a few examples of how intellectual property rights can be protected. Intellectual property is expected for better distinguishing proof, arranging, advertising, and defending of developments or imaginative works. Each industry ought to have its own IPR rules, way of administration, plans, etc., as per its field of specialization. These freedoms are framed in Article 27 of the Widespread Statement of Basic liberties, which pronounces that everybody has the option. This paper deals with protecting innovation and creativity in business safety with IPR.