Intellectual property right (IPR)

In this era we need protection regard everything like our thoughts regard literacy, song’s lyrics and any scientific creation. Any original work that is a original creation of human intellect such as; literacy, technical, artistic or scientific creation. IPR refers to the legal rights given to the inventor or creator to protect their inventions for certain period of time. In this given time period inventor can fully utilize their invention. IPR are likely any other property rights. Day by day we need legal authorities to protect our creation. Intellectual Property refers to creation of mind i.e. inventions, industrial designs for article, literary and artistic work, symbols etc. used in commerce. Intellectual property rights are like any other property right. Each innovation in pharmaceutical industry requires considerable amount of investment in research and development activity in the industry. Specialized workers are required for undertaking the activities that could usher in the element of innovation in pharmaceutical industry. It is very well settled that IP play a vital role in the modern economy. . In this review a brief of IPR with special emphasis on pharmaceutical.