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One of the characters of humans in today's world is materialism. The love for material possessions. The tendency to accord importance to “property” is deeply embedded in humans. Property could be of two types, tangible and intangible. Intangible property is a property without physical existence. Property which we cannot touch, and which doesn’t have any physical presence. For protection of tangible properties, we have surplus rights like right against trespasser but what if someone infringes your right over intangible property? Let’s Imagine you invent a car that is technologically so advanced and is so unique that it can be converted into an airplane, and someone copies the same idea and manufactures a same model. Now we need to protect an idea that is novel, creative and original which has required mental caliber and for protection of human intellect like this be it of any kind artistic, literary, technical, or scientific creation, we have intellectual property rights that are legal rights given to the inventor/creator to fully utilize his invention or creation for a given period. In modern economy where mental labor has overpowered physical labor IP plays a very vital role. Its motive is to protect the creativity of the creator by providing necessary rights for the protection of his work.