Intellectual property rights ( IPR ).
In : BCA Subject : e-Commerce and Cyber SecurityA person or a company has the right to have exclusive rights to use its own plans, ideas, or other intangible assets without fear of competition, at least for a limited time. Copyrights, patents, trademarks, and trade secrets are examples of these rights. A lawsuit can be used to enforce these rights. Intellectual property was created to stimulate invention without worry of a competitor stealing the idea and/or taking credit for it.