RESEARCH METHODOLOGY

Detailed explanation-1: -It gives the owner of the property the opportunity to share their creations with limited competition and protects the company’s competitive point of differentiation. Intellectual property rights can sometimes be an extremely valuable bargaining tool rights, and it can be sold for financial gain.

Detailed explanation-2: -The primary function of intellectual property rights (IPRs) is to protect and stimulate the development and distribution of new products and the provision of new services based on the creation and exploitation of inventions, trademarks, designs, creative content or other intangible assets.

Detailed explanation-3: -Intellectual property can take many forms. Although it’s an intangible asset, intellectual property can be far more valuable than a company’s physical assets. Intellectual property can represent a competitive advantage and as a result, is fiercely guarded and protected by the companies that own the property.