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Understanding Intellectual Property Rights

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IPRs are rights that pertain to creations of the human mind. Individuals, corporations, or other entities may claim them. IPRs typically give the owner of the IP the exclusive right to control use of the creation for a certain period of time. Laws governing IPRs are intended to stimulate innovation and creativity, ensure fair competition, and protect consumers.
IPRs include the following:
- Copyrights and related rights
- Trademarks (including geographical indications)
- Patents
- Industrial des...