Intellectual Property (IP) is one of the the most valuable assets of any organization. The term Intellectual property refers to the creation of mind, such as inventions, designs, symbols, literary and artistic works, names and images used in business etc. These intangible assets can be protected under respective Intellectual Property Rights (IPR) Law. Intellectual Property Right encompasses Trade Marks, Copyrights and Patents apart from Geographical Indications, Designs etc. Each category of Intellectual Property Rights protect or covers a different group of properties and works hence it requires to choose a right category is required to safeguard your work and business property.