Abstract
Intellectual property rights (IPRs) provide social and technological benefits as they encourage innovation while maintaining exclusive rights of an innovator. Implicit in the economic growth of the various innovative companies over the past 50 years is reflected the fact that they have sought the shelter of IPRs to gain incentives to discover while excluding the competitors. IPRs also recognize the work of inventors and allows free flow of information. The present chapter explains the various types of IPRs and their relevance in drug delivery systems while highlighting the legal measures to prevent infringement of such rights. It emphasizes the impact of such rights on the pharmaceutical companies and consumers along with the current scenario at the international level as well as in India.
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