Preface to Intellectual Property Rights
Intellectual Property Rights (IPRs) are the rights available to a person over the creation of their intellect. The main objective of the protection of IPRs is to encourage creativity, invention, and innovation. The role of intellectual property is sine qua non of the cultural, economic, and technological development of a nation. The prosperity achieved by the developed nation is the outcome of the exploitation of their intellectual property. The absence of efficient legislation to protect intellectual property can halt the development of the nation. Therefore, it is inevitable to protect and promote intellectual property rights. The origin of IP can be traced back to 600BCE. However, IPR became prominent in the recent past across the globe. The Uruguay Round of General Agreement on Tariffs and Trades (GATT), for the first time introduced discussion on IPRs. Discussion held during Uruguay Round facilitated in the development of TRIPS Agreement The TRIPS Agreement (herei...