There has been remarkable development in the areas of science technology and commerce during the last few decades. This is mainly due to the research and creation of scientists, technologists and artists from all over the world. All this emergence of new creation is known as Intellectual Property which is required to be protected to safeguard the interests of artists and to motivate and promote new talents in a particular field. The various branches of intellectual property law such as copyright, patents, trademarks and designs confers legal right in the Indian as well as International market. The intellectual property protects the ideas and information so that it can be used for own commercial purpose. IPR protection is extremely important in today's world of ever growing market and competition.