The
intellectual property is an intangible part of a company. It comprises various
forms of statutory mark like Patents, Trade Marks, Copyrights, Industrial
Designs, Plant varieties, topographies of printed circuits, geographical
indications. Also, there are non-statutory intellectual properties like trade
secrets, confidential information, trade dress, the equitable right to prevent
'passing off’, etc. Hence, the companies have the requirement of an IP
professional, who can take care of their intellectual properties and assets.