Intellectual Property and Intellectual Property Rights:Intellect means creations of one's mind which may be an idea, process, program, pattern, name, symbol or writing . Intellectual property is the conception of an intellect in the form of an idea, theory, conclusion, invention, design or model, the right to which is exclusively associated with the owner by law. What you own should be yours legally and rightfully. Their ideas, creations, inventions, designs and any designs shaped by them should rightfully belong to them and this is permitted through various forms of intellectual property rights including patents, industrial design rights, copyrights, trade dress, trademarks and indications geographical. Intellectual property rights provide owners with legal protection of new inventions and encourages the securing of additional resources for further innovations. With the intellectual property system, both the public interest and that of innovators go hand in hand, thus providing an environment that inspires inventions and creativity that benefits everyone in society. Benefits of Intellectual Property Rights to Society: • Encouragement for Scientists and Innovators: Intellectual Property Rights provides multiple incentives ranging from fame to monetary benefits for researchers and innovators and thus encourages the production of better and more efficient products. • New inventions benefit people: Every new invention in the medical field is beneficial to average people and this is only possible through the encouragement that scientists get through the intellectual property system. • Consumer trust in the product: The consumer has trust in the product or services he purchases with international brand protection mechanisms and legal proceedings to discourage privacy. • How to decide which intellectual property rights should be protected. • • Intellectual property law is quite complex and many people confuse the terms patent/copyright and trademark and use them interchangeably such as “patenting a movie screenplay” or “copywriting. On the contrary, if the ink pen cover to prevent the ink from drying out or spilling is invented by their friend, they can't use it. So, you have the legal right to sell a fountain pen but without a lid. “The history of patents does not begin with inventions, but rather with the royal grants of Queen Elizabeth I (1558–1603) for monopoly privileges... Some 200 years after the end of Elizabeth's reign, however, a patent represents a legal right obtained by an inventor providing exclusive control over the manufacture and sale of his mechanical or scientific invention… [Demonstrating] the evolution of patents from a royal prerogative to a common law doctrine.” Reference: ^ Mossoff, A. “Rethinking the Development of Patents: An Intellectual History, 1550-1800,” Hastings Law Journal, Vol. 52, page. 1255, 2001. Some of the patents are:  Sewing machine: patent held by Howe and Singer Magnetic resonance imaging (MRI): patents held by Damadian Iphone: patent held by AppleWhat inventions can be patented?Inventions which have the following characteristics can secure a patent: First of all it should be of a “practical” nature