Intellectual Property Rights And Indian Patent Act 1970

Creative creations of the mind, such as patents, trademarks, and copyrights, are categorized as Intellectual Property Rights (IPR). These rights grant creators legal protection for their inventions and creative works. Therefore, the correct answer is "Intellectual Property Rights."

Step 1: Understanding intellectual property rights.
Intellectual property rights protect the creations of the mind, such as inventions, designs, and artistic works.
Step 2: Evaluate each option.
- Option (1) Copyright: Copyright protects original works of authorship, such as books, music, and artwork, but not inventions. - Option (2) Patent: A patent grants rights to inventions, such as new technologies or processes, providing the inventor exclusive rights to the invention. - Option (3) Trademark: Trademarks protect brand names, logos, and other distinctive symbols, not inventions. - Option (4) Licensing: Licensing is the process of granting permission to use intellectual property but is not an intellectual property right itself.
Step 3: Conclusion.
The correct intellectual property right for inventions is a patent.
Final Answer: