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Synopsis Since the economic reforms introduced in the world after the globalization, privatization, specially in the third world countries and other developing countries. Keeping in view the latest economic globalization, the concept of Intellectual Property Right has become most important to preserve nation's indigenous heritage as plants, products, patents, scientific inventions, literary and artistic works. Nations' economy and economic development are in dire state of need for understanding these subjects in today's parlance. The editor has very judiciously made a selection of these eighteen research articles by subject specialists to comprehensively bring forward the essence of these terms and understand fully the implications and problems arise for the country. These articles have been widely circulated for the benefit of the scholars and research scholars all over the world through the journal of World Intellectual Property Rights and have been widely acclaimed of standard and containing relevant information on each subject contained in the book. The book will be of great use to research scholars pursuing research on these subject and students at large. Such publications are pride to each library and information centers specializing on these subjects.