Intellectual property has an increasing level been assumed to be

playing a significant role with respect to the rapid pace of

scientific, technological, as well as medical innovation that the

world has been witnessing in the recent times. In addition to

this, the changes that have been occurring in the economic

environment on a global level have been also influencing the

rapid development of different business models wherein the

term intellectual property tends to be a central element towards

the establishment of value and the overall potential growth.

Intellectual property, as a result, has grown to be the largest

as well as the fastest growing aspects of law in the world. As

such, this fact also makes it essential for the increasing demand

for professionals in the field of Intellectual Property to be well

versed in the given field for dealing with IPRs (Intellectual

Property Rights) across national as well as international

boundaries.

The domain of the term intellectual property tends to be vast.

Only the particular IPR (Intellectual Property Rights) legislations

could be included which tend to have some kind of direct

relevance or importance to the profession of IPR or its study.

Intellectual property gets divided into two broad categories:

industrial property and Copyrights. Industrial property usually

consists of the parameters like patents, inventions, industrial

designs, trademarks, indications of sources on a geographic

level, and so more. While, on the other hand, copyrights under

intellectual property includes the factors like paintings, arts,

literary, artistic works, and so more.