Intellectual Property(IP) as a tool for sustainability of an organization

Abstract

Intellectual Property is a compendious term referring to legal rights & obligations relating to products of human mind that have value in marketplace. Intellectual Property Rights cover intellectual outputs, including inventions, publicity material, art works, literary works, manuals, documents, engineering, manufacturing designs, processes, chemical formulae, logos, computer hardware/software; all that determine long-term sustained competitive success of an organization. IPR