Intellectual Property Rights (IPR) are legal protections granted to creators and inventors for their original works, innovations, and creative expressions. These rights provide exclusive control over the use, distribution, and commercialization of intellectual assets, encouraging innovation and creativity while protecting the economic interests of creators.

IPR serves as the foundation for modern knowledge-based economies, fostering innovation by ensuring that creators can benefit from their intellectual investments. These rights balance the need to reward innovation with the public interest in accessing and building upon existing knowledge.

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  Exclusivity: Rights holders have exclusive control over their intellectual property
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  Time-limited Protection: Most IPR have specific duration periods
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  Territorial Rights: Protection is typically granted within specific jurisdictions
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  Economic Incentive: Encourages continued innovation and creativity
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  Public Disclosure: Often requires disclosure of innovations in exchange for protection