The right to own any corporeal or incorporeal property and their protection thereof allows the proprietor to enjoy the fruits of his hard work. The right to own property under article 300A of the Indian constitution is not only applicable to corporeal property but also gives an ample amount of protection to incorporeal property. The rights that follow such property may be infringed or there might be threat of infringement. So in order to seek appropriate remedies the owner or owners of such intellectual property can knock the doors of any court of law.

The world intellectual property organization has recently come up with a new development agenda that emphasizes the use of intellectual property for social, economic and cultural development through the committee on development and intellectual property and the development agenda coordination division.

Through the introduction of new policies by many countries that are in tune with the TRIPS (Trade related aspects of intellectual property rights) and with that of the policies of WIPO, a radicle change is brought about to the economies of various developing and least developed countries.

The above mentioned series of agenda and goals can be attained only if a minimum level of protection is guaranteed by each country to the respective intellectual property and their ancillary rights.