Intellectual Property Rights (IPR) has played a crucial role in the development of the socio-economic success of the country, over the past years. They have been under various modifications from time to time. There are enormous emerging trends under IPR in today's world. Copyright, trademarks, patents, and trade secrets are few of them, and their knowledge is imperative, in order to compliment a person’s ability to Innovate. After all, Innovation comes with challenges and IPR helps in managing those challenges in an efficient manner.