What is IP?
IP (Intellectual Property) = inventions, designs, brand names, logos, literary, artistic and musical works, and other results of creative activity.
What is IPR?
IPR (Intellectual Property Rights) = patents, registered trade marks, registered designs, copyright and other forms of protection for creative activity.
What does IPR do?
Intellectual Property Rights are valuable assets. They can be used to control competition. They can be franchised or licensed to give a royalty income. They have intrinsic value and they can be sold, by themselves, or as part of a business enterprise.