Intellectual property rights are intangible rights; intangible because they are products of critical thinking expressed in tangible forms to enable persons other than the progenitor to identify with them and they are largely categorized into Copyright, Trademark, Patent and Designs. The law does not in itself protect the conception of the mind but its expression, whether it is copyright, trademark, patent, or industrial design. Where an idea remains within the purview of the mind, it is not a right properly so called that can be afforded any protection. We will examine the categories of Intellectual Property Rights: first, it is necessary to state that Intellectual property law came into existence by reason of the inventive creation of the human mind which cuts across various fields of practice: Medicine, Engineering, Agriculture, Aviation, Science, Information Technology etc.