This post was first published on 29th May, 2011. Intellectual Property Rights, referred to as IPR, is one of the most upcoming branches of law. It is very dynamic, and laws are being made and changed according to what suits best the current social, economical, and political scenario. The laws are considered as an inevitable part of the modern world, as it ensures an exclusive right to people who discover or invent new appliances and processes. This grant…