IP is secured in law by, for instance, licenses, copyright and trademarks, which empower individuals to acquire acknowledgment or money related profit by what they design or make. By finding some kind of harmony between the interests of trend-setters and the more extensive open intrigue, the IP framework intends to encourage a situation wherein innovative and advancement can thrive. Licensed innovation rights are the rights given to people over the manifestations of their psyches. They ordinarily give the maker a selective directly over the utilization of his/her creation for a specific time frame.