Agricultural biotechnology and intellectual property rights

Intellectual Property Rights have importance in every aspect of human life. Now day's proprietary nature of agricultural biotechnology is increasing. IPR is an important factor to protect new technologies from coping and imitating or to save potential profit of the original investor. IPRs lead to the monopolization of whole production. This paper studies about Intellectual Property, Intellectual Property Rights and its common types which include Copyright, Trade secret and Patent and relation of IPR with agricultural biotechnology. Thispaper explain protection of Intellectual Property Rights (IPR), information about the International Harmonization of Patent Laws (World Intellectual Property Organization (WIPO), European Patent Convention (EPC), Trade Related Intellectual Property Rights (TRIPs)), role of patents play in everyday life and IPR with respect to Research and Development. I also explain in this paper about Intellectual property rights and Agricultural Biotechnology. A trademark is a recognizable sign, design or expression which identifies products or services of a particular source from those of others. The additional qualification utility patent is sometimes used (primarily in the US) to distinguish the primary meaning from these other types of patents. Looking after both sides I conclude that IPRs provide protection for their owners, valuable information and inspiration for future generations of scientists and businessmen.