Intellectual property rights protection is critical to fostering innovation. Without protection of ideas, businesses and individuals would not reap the full benefits of their inventions and would focus less on research and development.

The intellectual property rights were essentially recognized and accepted all over the world due to some very important reasons. Some of the reasons for accepting these rights are:-
a. To provide incentive to the individual for new creations.
b. Providing due recognition to the creators and inventors.
c. Ensuring material reward for intellectual property.
d. Ensuring the availability of the genuine and original products.

These properties have been covered under a patent or a copy right or a trade mark. Since a common man’s life is very closely linked with articles and products which are protected by law under intellectual rights. The copying, imitation, adaptation, and un-authorised reproduction of these things, without the permission of the owner, may amount to a serious offence. Therefore, the knowledge about intellectual property right is must for a common man.