The document discusses intellectual property rights (IPR) and patents. It begins by defining IPR and the different types, including industrial property and copyright. It then focuses on patents, defining them as exclusive rights granted for an invention. Key requirements for a patentable invention are outlined, such as novelty, inventive step, and industrial applicability. The different types of patent applications are described. The process for granting a patent is summarized, including examination and opposition periods. Infringement, penalties, and compulsory licensing are also covered. A case study on a patent dispute between Roche and Cipla over the cancer drug Tarceva is provided, with Cipla ultimately winning. The importance of IPR protection for encouraging innovation