b. [10 marks] Provide a definition of intellectual property rights (IPR).Intellectual property protection Intellectual property protection refers to a set of government policies which grant inventors special rights to exclude others from producing, selling, licensing, or building on products, for some designated period of time. The holder of the intellectual property right is made a temporary monopolist. These policy tools include: Patents: A right of exclusive ownership of an idea/invention for a specified length of time, in exchange for disclosure of the invention. Copyright: Ownership rights over the use and distribution of an original work for a specified length of time. Trademark rights: A right to exclude others from using a logo, a name, or a registered design to identify their products